The Economic Offences Wing (EOW) of Odisha police’s crime branch may interrogate Bollywood actor Govinda in connection with a Rs 1,000-crore pan-India online ponzi scam.

This was said by EOW’s DSP Sasmita Sahu, who has been part of the team that is investigating the multi-crore ponzi scam involving Solar Techno Alliance (STA-Token).

The company, according to the EOW, was involved in illegally operating a pyramid-structured online ponzi scheme under the garb of crypto investment.

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“We may issue summons to Govinda for appearing before the EOW for questioning or a team be sent to Mumbai for the purpose,” said Sahu, adding that the actor had attended STA’s grand function in Goa in July and promoted the company in some videos.

Stating that the EOW does not consider him as suspect or accused, another official said Govinda’s role in promoting the company is established from the video.

“If EOW finds that the actor’s role was limited to only endorsement of the product (STA-Token brand) as per their business agreement, then we will make him a witness in our case,” he said.

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The EOW had last month arrested the ponzi firm’s country head Gurtej Singh and its Odisha chief Norod Das.

On August 16, the investigating agency had apprehended Ratnakar Palai, an up-line member of STA having huge number of members below him (known as down-line members in the MLM/pyramid-based schemes/scams).

An official statement by the EOW said the company had reportedly collected Rs 30 crore from 10,000 people in Odisha’s Bhadrak, Keonjhar, Balasore, Mayurbhanj and Bhubaneswar.

Meanwhile, the Bureau of Immigration also issued a lookout circular against David Gez, a Hungarian national. He was heading the ponzi firm which allegedly lured people on social media to invest in crypto-currency and encouraged its members to enroll more investors.&nbsp;

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The Economic Offences Wing (EOW) of Odisha police’s crime branch may interrogate Bollywood actor Govinda in connection with a Rs 1,000-crore pan-India online ponzi scam.

The Economic Offences Wing (EOW) of Odisha police’s crime branch may interrogate Bollywood actor Govinda in connection with a Rs 1,000-crore pan-India online ponzi scam. This was said by EOW’s DSP Sasmita Sahu, who has been part of the team that is investigating the multi-crore ponzi scam involving Solar Techno Alliance (STA-Token). The company, according to the EOW, was involved in illegally operating a pyramid-structured online ponzi scheme under the garb of crypto investment. Shah Rukh Khan opens up about his bald look in Jawan: I hope girls like me “We may issue summons to Govinda for appearing before the EOW for questioning or a team be sent to Mumbai for the purpose,” said Sahu, adding that the actor had attended STA’s grand function in Goa in July and promoted the company in some videos. Stating that the EOW does not consider him as suspect or accused, another official said Govinda’s role in promoting the company is established from the video. “If EOW finds that the actor’s role was limited to only endorsement of the product (STA-Token brand) as per their business agreement, then we will make him a witness in our case,” he said. Tanaav, India's adaptation of Fauda, to return for season 2 The EOW had last month arrested the ponzi firm’s country head Gurtej Singh and its Odisha chief Norod Das. On August 16, the investigating agency had apprehended Ratnakar Palai, an up-line member of STA having huge number of members below him (known as down-line members in the MLM/pyramid-based schemes/scams). An official statement by the EOW said the company had reportedly collected Rs 30 crore from 10,000 people in Odisha’s Bhadrak, Keonjhar, Balasore, Mayurbhanj and Bhubaneswar. Meanwhile, the Bureau of Immigration also issued a lookout circular against David Gez, a Hungarian national. He was heading the ponzi firm which allegedly lured people on social media to invest in crypto-currency and encouraged its members to enroll more investors. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Odisha police may question actor Govinda in ponzi scam

The Enforcement Directorate (ED) has summoned Trinamool Congress MP KD Singh in connection with its money laundering probe into an alleged ponzi scam case pegged at over&nbsp;Rs.&nbsp;1,900 crore. 
 
According to official sources, Singh, the TMC&#39;s Rajya Sabha member, has been summoned in New Delhi today by the investigating officer (IO) of the case. 
 
The Member of Parliament (MP) has been summoned under the provisions of the Prevention of Money Laundering Act (PMLA) and the IO is expected to record his statement, they said. 
 
A phone call and an SMS sent by PTI to the TMC MP went unanswered. 
 
The ED&#39;s probe against&nbsp;Singh and his firm Alchemist Infra Realty Limited dates back to September 2016 when it filed a criminal case under the PMLA taking cognisance of a charge sheet filed against the company, its directors and others by market regulator SEBI. 
 
It is alleged that the company launched an illegal &#39;collective investment scheme&#39;, also called a ponzi or chit fund scheme, and mobilised funds of about&nbsp;Rs.&nbsp;1,916 crore from the public in the years preceding 2015. 
 
The firm allegedly launched the scheme &quot;without the approval&quot; of the SEBI and led to cheating of gullible investors. 
 
In 2015, the firm had informed the SEBI that it had refunded&nbsp;Rs.&nbsp;1,077 crore after the market regulator&#39;s investigation and had sought more time to restore the rest of the amount, which was turned down by the SEBI. 
 
Subsequently, a charge sheet was filed by it before the Patiala House court here in 2016.

The ED has questioned a number of officials and people linked to the realty firm and it now wants to question the MP as it is alleged that he was the &quot;main person&quot; behind these operations. 
 
The central probe agency has also written to banks, the Registrar of Companies and the income tax department to obtain more information about the financial transactions of the company and those associated with it, sources said.

According to official sources, Singh, the TMC's Rajya Sabha member, has been summoned in New Delhi today by the investigating officer (IO) of the case.

The Enforcement Directorate (ED) has summoned Trinamool Congress MP KD Singh in connection with its money laundering probe into an alleged ponzi scam case pegged at over Rs. 1,900 crore. According to official sources, Singh, the TMC's Rajya Sabha member, has been summoned in New Delhi today by the investigating officer (IO) of the case. The Member of Parliament (MP) has been summoned under the provisions of the Prevention of Money Laundering Act (PMLA) and the IO is expected to record his statement, they said. A phone call and an SMS sent by PTI to the TMC MP went unanswered. The ED's probe against Singh and his firm Alchemist Infra Realty Limited dates back to September 2016 when it filed a criminal case under the PMLA taking cognisance of a charge sheet filed against the company, its directors and others by market regulator SEBI. It is alleged that the company launched an illegal 'collective investment scheme', also called a ponzi or chit fund scheme, and mobilised funds of about Rs. 1,916 crore from the public in the years preceding 2015. The firm allegedly launched the scheme "without the approval" of the SEBI and led to cheating of gullible investors. In 2015, the firm had informed the SEBI that it had refunded Rs. 1,077 crore after the market regulator's investigation and had sought more time to restore the rest of the amount, which was turned down by the SEBI. Subsequently, a charge sheet was filed by it before the Patiala House court here in 2016. The ED has questioned a number of officials and people linked to the realty firm and it now wants to question the MP as it is alleged that he was the "main person" behind these operations. The central probe agency has also written to banks, the Registrar of Companies and the income tax department to obtain more information about the financial transactions of the company and those associated with it, sources said.

ED summons Trinamool Congress lawmaker in Rs 1,900 crore ponzi scam probe

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Odisha police may question actor Govinda in ponzi scam

ED summons Trinamool Congress lawmaker in Rs 1,900 crore ponzi scam probe