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Mutual Alliance chief held from Hyderabad in ₹5 cr chit fund scam

The New Indian Express Jeypore

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February 25, 2025

THE Economic Offences Wing of Crime Branch has arrested the managing director of Mutual Alliance Global Pvt Ltd on charges of duping around 200 investors of a whopping ₹5 crore on the pretext of doubling their deposit amounts.

- EXPRESS NEWS SERVICE @Bhubaneswar

The accused, Dhananjaya Sahoo, was arrested from Khairtabad in Hyderabad on February 21. The EOW had registered a case on January 31 after receiving a complaint from one of the investors Govinda Chandra Sahoo.

A native of Bhandaripokhari, Sahoo had opened five companies - Mutual Alliance, Goodland Happy Home Infra Ltd, Goodland Construction Pvt Ltd, Purifio Technology Pvt Ltd and Coinex Technology Pvt Ltd between 2011 and 2021.

The New Indian Express Jeypore

यह कहानी The New Indian Express Jeypore के February 25, 2025 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

क्या आप पहले से ही ग्राहक हैं?

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The New Indian Express Jeypore

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