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Ponzi Firm's Director Arrested from Bengal

Published: 04th January 2015 05:59 AM  |   Last Updated: 04th January 2015 05:59 AM   |  A+A-

BHUBANESWAR: The Economic Offences Wing (EOW) of the State Government on Saturday arrested Pranati Das, a director of Flourish India, from East Midnapore district of West Bengal.

Pranati, wife of the ponzi firm’s former chairman-cum-managing director Prasanna Das, was untraceable since 2013. She was in a village under Mahisdal police limits of East Midnapore when the sleuths tracked her down.

In July 2013, the EOW had arrested Das and the then CMD Ballav Nayak from the City. The company is alleged to have mobilised over `60 crore from investors in seven years of its operation. In November last year, another director Pradeep Kumar Das was arrested by the EOW. Pranati is the fifth and the last among the Board of Directors of the firm. So far, 14 employees of the company have been rounded up.

Flourish India had opened 132 branches across Odisha, focusing mostly in rural pockets. The EOW has attached 251 acre of land belonging to the company apart from two vehicles and `1.52 lakh in cash.

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