Bhubaneswar, Jan. 2 -- The Economic Offences Wing (EOW) of Odisha has arrested Amit Mandal, the prime accused in a large-scale financial fraud involving more than Rs.120 crore.
Mandal, a resident of South Boilapara in Bankura district of West Bengal, allegedly cheated around 500 depositors from Odisha and 100 from his state.
The accused has been booked under Sections 406 (criminal breach of trust), 420 (cheating), 467 (forgery of valuable security, will and other key documents), 468 (forgery for the purpose of cheating), 471 (using as genuine a forged document and electronic record), and 120-B (criminal conspiracy) of the Indian Penal Code (IPC), Sections 21(1), 21(3), and 23 of the BUDS Act, and Section 66 of the IT Act.
After his arres...