Odisha: ED submits 300 pages chargesheet against Golden Baba
Bhubaneswar: A chargesheet against Golden Baba has been filed by the Enforcement Directorate (ED) against Golden Baba on Thursday.
It is reported that the chargesheet contains around 300 pages. Golden Baba has deceived a number of businessmen by offering loans at low-interest rates.
Crores of rupees has been stolen from the businessmen. He was making money through this pattern of fraud. In 2018, a businessman from Keonjhar was cheated and he complained to the police and then the probe against the Golden baba was initiated.
Jyoti Ranjna Beura alias Golden Baba, the proprietor of Jyoti Trading and Co Bhubaneswar was then found to be involved in a number of fraud and illegal activities.
The ED initiated PMLA investigation against Golden Baba, in respect to fraud perpetrated by him of providing loans of Rs 5.50 crore to businessmen in Odisha on August 26, 2023.
An FIR was earlier filed against him in this respect by EOW Bhubaneswar, later they also filed a charge-sheet. The ED investigation revealed that Jyoti Ranjan Beura, throughJyoti Trading & Co., cheated various businessmen alluring them of unsecured loan, financial assistance at an attractive rate of interest and fraudulently received Letter of Credit from them and discounted the same in his account by creating and presenting false and fabricated bills without providing them the promised financial assistance/unsecured loan.
Earlier, the ED had frozen bank balances amounting to Rs 52 lakh, seized two high end vehicles (one AUDI Q5 and another BMW 520D) having purchase value of Rs 56 lakh belonging to Jyoti Ranjna Beura alias Golden Baba, Prop of Jyoti Trading and Co under PMLA. The ED today has filed a 300-page chargesheet against Golden Baba, said latest reports.
