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Surat-based company dupes investors in Odisha
The Economic offences wing of the state Crime Branch arrested Subhansu Lenka, State Co-ordinator of Surat based Asta International Ltd. on Saturday last. Lenka, a resident of Jagatsinghpur was nabbed from a nursing home on Friday, 7 June night at Bhubaneswar, said Deputy Inspector General, Crime Branch, Rajesh Kumar.

The company lured investors by promising them 15, 20 and 25 per cent returns on term deposits under various schemes and failed to repay. Lenka is accused of duping investors to the tune of over rupees 5,00 crore. The company has branches in Bhubaneswar, Balaswore and Berhempur in the state of Odisha.

Crime Branch officials will take the help of Gujarat police to unearth the scam. It is suspected that politicians are also involved in this multi-crore scam, sources said. According to sources, while one of the Odisha directors of Asta had diverted money to produce a movie, Lenka had plans to open two 5-star hotels - one in Balugoan and another one at Berhempur.

Lenka had obtained a license for an alcohol manufacturing company. Gujarat Police officials are expected to visit Odisha in a day or two to interrogate Lenka. The company has duped highest number of investors in the Odisha as compared to investors in other states, the sources said. Lenka will be another influential person who will be confined to the state’s Jharpada special Jail.

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