Bhubaneswar: The economic offences wing (EOW) of the state crime branch here on Monday arrested a businesswoman for allegedly duping several financiers, including one from Singapore, of Rs 100 crore. The accused was identified by the sleuths as Amrita Kindo, managing director of Diya Dairy Agro Private Limited.
Amrita and her husband, Deepak Kindo, who is the former MD of Sambandh Finserve Pvt Ltd, a city-based non-banking financial company (NBFC), allegedly embezzled Rs 100 crore between 2015 and 2020, the EOW said.
Deepak has not been arrested yet.
In December last year, the EOW had registered a cheating case against Deepak’s NBFC for allegedly swindling Rs 5 crore from city-based Annapurna Finance Pvt Ltd, another NBFC. Deepak had availed of the loan from Annapurna Finance in 2020, but allegedly did not repay the money. The EOW said Deepak had allegedly submitted forged documents and availed of Rs 5 crore from Annapurna Finance on the pretext of giving loans to self-help and joint liability groups. But he allegedly violated the terms and conditions of the loan agreement and misappropriated the money.
“During probe, we came to know that Diya Dairy Agro Pvt Ltd is a sister concern of Sambandh Finserve. During 2015-2020, Sambandh Finserve allegedly availed loans to the tune of Rs 100 crore from many investors and money lenders. One of the lenders was BOPA PTE Ltd, a Singapore-based company,” an EOW official said.
The probe agency said around Rs 22.72 crore of the loan amount was allegedly diverted illegally to Diya Dairy between 2017 and 2020. Amrita could not any give satisfactory explanation about the diversion of loan amounts to her company, it added.
Amrita and her husband, Deepak Kindo, who is the former MD of Sambandh Finserve Pvt Ltd, a city-based non-banking financial company (NBFC), allegedly embezzled Rs 100 crore between 2015 and 2020, the EOW said.
Deepak has not been arrested yet.
In December last year, the EOW had registered a cheating case against Deepak’s NBFC for allegedly swindling Rs 5 crore from city-based Annapurna Finance Pvt Ltd, another NBFC. Deepak had availed of the loan from Annapurna Finance in 2020, but allegedly did not repay the money. The EOW said Deepak had allegedly submitted forged documents and availed of Rs 5 crore from Annapurna Finance on the pretext of giving loans to self-help and joint liability groups. But he allegedly violated the terms and conditions of the loan agreement and misappropriated the money.
“During probe, we came to know that Diya Dairy Agro Pvt Ltd is a sister concern of Sambandh Finserve. During 2015-2020, Sambandh Finserve allegedly availed loans to the tune of Rs 100 crore from many investors and money lenders. One of the lenders was BOPA PTE Ltd, a Singapore-based company,” an EOW official said.
The probe agency said around Rs 22.72 crore of the loan amount was allegedly diverted illegally to Diya Dairy between 2017 and 2020. Amrita could not any give satisfactory explanation about the diversion of loan amounts to her company, it added.
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