NGO Biswa chairman Khirod Chandra Mallick, who was sent to the Brahmapur jail on Tuesday on the charge of duping depositors, would be produced in the Additional District Judge (1) Court here once again on November 11.
Mallick is alleged to have duped gullible depositors of crores of rupees through his chit fund company Credible Micro Finance limited. The Economic Offences Wing (EOW) of the State Crime Branch (CB) had produced Mallick in the court here on Tuesday.Earlier on the complaints of the Reserve Bank of India, the Sub-Collectors of Ganjam and Gajapati districts had conducted primary investigation into the financial irregularities and fraudulent collection of deposits from gullible people.
The EOW had arrested Mallick from Sambalpur on Monday. After his bail application was rejected by the ADJ (1), he was sent to jail for a period of 14 days.The chit fund cases of seven south Odisha districts are being tried in this court. According to information, agents of the Credible Micro Finance limited collected deposits about Rs 10 crore from people of Gajapati district.