Bhubaneswar: CBI, investigating the crore chit rs 1,000 fund fraud by Green Ray International Limited (Gril), arrested two former company executives from Ballasore on Thursday.
The defendant was identified as Sayfriend and Mir Jamiruddin.
The source said the defendant was a cousin of MD Gril, Mir Singauddin, who was arrested in February 2017.
Sayemat and Jamiruddin remained at that time.
“We have tracked their movements.
Even though they were named in the cost sheet submitted on September 15, they had not yet appeared in court.
The NBW (NBW) command was issued to the duo.
They were arrested from their homes in the Jaleswar area,” said a person CBI officer.
Gril was accused of deceiving investors in various states from Rs 1,000 Crore and diverted a large amount of money to Dubai and Nigeria through the Hawala Broker.
Singauddin, along with several of his colleagues, has floated the grille in Ballasore in 2012 and began collecting deposits from people with luring them with a promise of high refund.
I objected to smiling and he opened into several other trade and opened a branch throughout the country.
The CBI said the gril had binded with a company in Nigeria where he obtained an iron ore mine in April 2013.
The Probe Agency said the Sahiruddin business was also spread to Dubai.
He has 47 branches in Odisha.
The company has promised a monthly dividend investor of Rs 2,000 against a permanent deposit of Rs 1 Lakh.
Source said at all 12 cases registered in companies in various districts in the state of 2012 and 2014.
The wing of the economic violation of the State Crime (EOW) initially investigated fraud before the CBI took over investigation in May 2014.
The EOW has confiscated around 20.68 Hectares of land owned by the company.
While the deposit amounting to RS 57 Lakh in 46 accounts frozen, the crime branch has confiscated Rs 9.55 lakh cash, 246 grams of gold coins worth 4.16 lakh and 9.5 kg of silver coins worth Rs 6.67 lakh.