Chit Fund Scandal: Deceived investors demand immediate arrest of company officials and to seal Raj Godson Company

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Cuttack, Sept 8: Yesterday around 30 deceived investors belonging to Baliapal in Balasore district appeared before the Crime Branch Special DG, BK Sharma and submitted a memorandum to him thus demanding immediate arrest of all stake holders including Ajay Mishra (father of Jagdish Mishra) and Amaresh Mishra (brother) who are the members of company Board of Directors.  

These duped investors had invested their respective amounts in a fake chit fund company called Raj Godson Services Pvt Ltd during its business days in 2012 and 2013 and had suffered a fraud of Rs 15 lakh. During the meeting, the investors also alleged that the company has invested their money in real estates and film making. The company had promised them that on investing the poor innocent investors would receive almost double of the deposited amount in 4 years and four times of the deposited money in seven years. The fake company had also promised to provide a plot in Balasore to the depositors.

After the Odisha government began sealing the chit fund companies in 2013 the duped investors had met the company chief, Jagdish Mishra in Balasore who assured them to return their invested money along with high returns as promised earlier. But as he did not return the money, he was caught by the investors on August 23 this year and had been handed over to the Balasore Town Police who later arrested Mishra and took him into custody as per the directive of the court. All this was informed to the media by Arun Kumar Pradhan on of the duped investor.

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Another investor, Iti Samal said that since Jagdish belonged to her village, she had the faith on him for which she had invested money in his company with a hope to get high returns.

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