BALASORE: In yet another instance of chit fund fraud, people in Balasore, Bhadrak and Mayurbhanj districts have been duped by a cooperative organisation which had promised them loans at low interest rate. Police have arrested five persons, including the manager of Laxmi Cooperative Services, on Monday. They have been remanded in judicial custody after their bail pleas were rejected. They have been identified as manager Kishore Kumar Mohanty, Jyotsna Jena, Rabi Ranjan Biswal, Sujit Mohapatra and Priyabrata Behera. The organisation has its branch at BC Sen Road in Balasore town.Police said acting on a complaint lodged by one Kalpana Mohanty, they nabbed the five fraudsters from a hotel while they were interviewing a few candidates for employment in their organisation. Sahadevkhunta police station IIC Manas Deo said the organisation had collected more than Rs 30 lakh from at least 300 persons in three districts in the past six months. The complainant who was also working there alleged that the senior officers were engaging the women employees in sex trade, the IIC said.Police said the organisation had branches in Nuapada, Cuttack, Jajpur, Sambalpur, Mayurbhanj, Bhadrak and Balasore districts. The agents of the organisation had collected Rs 10,650 from each depositor as security money to pay them Rs 1 lakh as loan within a week without any security. They were just asked to sign on a bond paper of Rs 100 and submit voter I-cards to avail the loan. Police are in search of the managing director of the organisation Gunanidhi Behera who hails from Nuapada district. Two years back, Balasore police had busted a multi-crore chit fund scam and arrested five persons including Bollywood producer and actor Naseer Khan and his aide.
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