Odisha: ED files prosecution complaint against alleged conman
Oct 05, 2023
Bhubaneswar (Odisha) [India], October 5 : The Enforcement Directorate has filed a prosecution complaint against alleged conman Jyoti Ranjan Beura alias Golden Baba under the Prevention of Money Laundering Act at a Special Court here at Khorda in Bhubaneshwar, the agency said in a statement.
The development came after the agency earlier freezed bank balances amounting to Rs 52 lakhs, seized two high-end vehicles (one AUDI & another BMW) having a purchase value of Rs 56 lakhs and provisionally attached assets amounting to Rs 1.53 crore.
The agency in its statement said that it launched its investigation on the basis of the First Information Report and Chargesheets registered by the Economic Offences wing of Odisha police, Crime Branch, CID for the commission of an offence under various sections of the Indian Penal Code.
The Special Court has taken cognizance of the Prosecution Complaint filed on August 8.
"The investigation revealed that Jyoti Ranjan Beura through Jyoti Trading & Co cheated various businessmen to the tune of crores by alluring them to provide unsecured loan/financial assistance at an attractive rate of interest and fraudulently received Letters of Credit from them in the guise of business relationship development and discounted the same in the account of same by creating and presenting false and fabricated bills without providing them the promised financial assistance/unsecured loan, and thus, siphoned off the said amount for his personal use and was living a lavish life out of such proceeds of crime," the agency said in its statement.
