Bhubaneswar, (Reporterspen), June 8: The Odisha Police’s Economic Offences Wing (EOW) apprehended a director from West Bengal accused of swindling over Rs 123 crore in a Ponzi scheme. Tusar Bhanjo, hailing from Hamirpur in Paschim Medinapur, was arrested at his residence in Kolkata’s Haridevpur area. He was then transferred to Bhubaneswar on transit remand, as stated by the EOW on Saturday.
The case stemmed from a complaint filed by Manmohan Dora of Bhubaneswar against Harit Krishi Nidhi Ltd., M/s Transvision Dream Multi Trade Pvt. Ltd., and its director, Tushar Bhanjo.
Allegedly, Bhanjo enticed investors, including the complainant, with promises of high returns, such as a monthly interest of 11% and additional commissions for recruiting new members. The company also pledged monthly salaries based on invested amounts.
Using various channels like social media, leaflets, brochures, and meetings, Bhanjo attracted investors. The complainant joined Harit Krishi Nidhi by depositing Rs 4,000 in 2023, followed by Rs 2 lakh in the company’s bank account. Despite receiving interest for one month, subsequent payments ceased, with Bhanjo absconding with funds from numerous investors, including the complainant.
