Times of India: Nagpur: Thursday,
March 27, 2014.
Nagpur crime
branch's Economic Offences Wing (EOW) on Wednesday detained three Shreesurya
group's agents for interrogation and were in process of taking them into
custody. These are first detentions, other than those of group's director's in
the multi-crore scam. Agents A Suryawanshi, Nishikant Mayee and P Dange were
detained on Wednesday. Group's director Sameer Joshi and his wife Pallavi are
already in custody since last October and have been denied bail by various
courts.
Investigating
officer Vishnu Bhoye said they were grilling the trio on the basis of 820
complaints lodged at various police stations in the city. "In all
probability, we will take them in custody as we need to investigate more into
the matter. We need to produce them in the court for the same on Thursday,"
he said.
Shreesurya
Group collected funds from over 5,000 investors, many of them senior citizens,
and guaranteed to double the amount invested in a couple of years. The scheme
collapsed as the group failed to pay promised returns. As a result of many
complaints, including that in Pune, Amravati and Akola, Joshi couple was
arrested by EOW.
The group
began operations with the blessings of a Anjangaon Surji-based godman in 2005
inviting deposits from the public at large promising returns as high as 30 to
70% per annum through various schemes. The group, that projected itself as a
Hindu Undivided Family (HUF) to avoid coming under Companies Act, also floated
a money doubling plan with a two-year tenure and an insurance scheme without
approval from Insurance Regulatory and Development Authority (IRDA). The fraud
came to light after an NGO got replies through RTI queries that none of the
schemes floated by Joshi was recognized by Security and Exchange Board of India
(SEBI).
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