Balasore, Aug 24: Yesterday the cops had detained the promoter of a Ponzi firm in district headquarters town of Balasore for deceiving investors. It’s stated that the investors had caught hold of Jagdish Mishra, the promoter of Ponzi firm Rajgodson Pvt Ltd and made him surrender to the Balasore town police for duping them of their money. Police interrogation on Mishra for his fraudulent activities is going on.
Mishra had been allegedly running the Ponzi firm since five years promising investors of profitable returns on their investments. But he failed to make repayments after repeatedly promising to do so. Allegedly, Mishra had started all this to make an Ollywood movie named ‘Mu Pherile Tumara’.
