Odisha STF freezes Sambandh Finserve’s 17 crore deposits in bank accounts
Stepping up the watch on financial fraud, the Odisha Special Task Force (STF) had rendered inoperative up to 47 bank accounts of Sambandh Finserve Private Limited and its Managing Director Deepak Kindo with the freezing of Rs 17,10,66,862 (more of Rs 17 crore) deposits
A case has been registered on the allegation of fraudulent use of a loan amounting to Rs 5 crores on the basis of false documents by Sambandh Finserve Pvt. Ltd of Annapurna Finance Pvt. ltd. and diversion thereof.
During the investigation it emerged that Sambandh Finserve Pvt. ltd. represented by its MD Deepak Kindo, similarly had fraudulently raised funds of over Rs 100 crores from different investors/lenders including Annapurna Finance Pvt. ltd. (the complainant company), DCB Bank, SIDBI (Small Industries Development Bank of India), BOPA PTE Ltd. (a Singapore-based company) and DIA Vikash Capital Pvt. etc and misappropriated said amount, without using it for the purpose for which it was used, STF said in a statement.
Earlier in this case, Amrita Kindo, wife of Dipak Kindo, was arrested for embezzling a huge sum by diverting the amount to her business account.
It has been established that the 47 bank accounts are maintained by Deepak Kindo and his wife Amrita Kindo and other close relatives in their own names as well as in the name of their business establishments/businesses/companies, he added.