Bhubaneswar, Feb. 25 -- The Economic Offences Wing (EOW), Bhubaneswar, has arrested Manoranjan Ray, a financial fraudster, from Ahmedabad Railway Station for violating bail conditions.
According to EOW sources, Manoranjan, a native of Jagatsinghpur district, was nabbed from Ahmedabad Railway Station on February 22 and later brought to Bhubaneswar on transit remand. He was produced in the designated court in Cuttack on Tuesday.
Manoranjan was initially arrested on October 20, 2019, from New Delhi based on a complaint lodged by Laxmi Narayan Mohapatra of Talcher. It was alleged that between 2010 and 2016, he had collected over Rs 1 crore from 1,062 investors, promising them high returns on their money. He had fraudulently issued bonds, cert...