January 31
EOW Arrests Woman MD Of A Company For alleged involvement in 100-Cr.Fraud Case
The Economic Offences Wing (EOW) of Odisha police has arrested Amrita Kindo, for her alleged involvement in misappropriation of Rs 100 crore loan taken from various financial institutions, officials said here on Monday.
She is the Managing Director of Diya Diary Agro Processor Pvt. Ltd.
As per EOW, Kindo was arrested based on the written complaint filed by Annapurna Finance Pvt Limited located at Khandagiri.
Earlier, the finance company alleged that one Deepak Kindo, the Managing Director of Sambandh Finserve Pvt. Ltd., had fraudulently availed loan amounting to Rs 5 crore on the basis of forged documents.
In 2020, the company of Deepak Kindo approached the Finance Company for a loan of Rs 5 crore for the purpose of carrying on financial activities effectively by giving loans to different Self Help Groups (SHG) and Joint Liability Groups.
“However, after availing the loan/ finance, the accused company violated the terms and condition of finance and misappropriated the amount without making repayment. It has also been ascertained the accused company had furnished forged documents to avail the loan,” EOW said in a release.
During further investigation, it was found that the firm had collected over Rs 100 crore from various finance institutions and misappropriated the same, the police officials said.
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The present accused Amrita Kindo is the wife of Dipak Kindo and the director of Diya Diary Agro Processor Pvt. Ltd., a sister concern of Sambandh Finserve Pvt. Ltd.
During the 2017 to 2020, out of the loan amounts availed by the accused company, an amount of Rs 22.72 crore have been diverted to the accounts of Diya Diary Agro Processor Pvt. Ltd and misappropriated, the police further said.
Hyderabad police had arrested Dipak Kindo from Odisha in July last year in connection with a cheating case.
