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Defaulter Omprakash Goenka to be produced in Pune court on June 19

Goenka, along with various others from his company, was booked for duping lakhs of investors all over the country who had invested in his company and were promised returns.  

pune Updated: Jun 18, 2018 23:22 IST
Shalaka Shinde
Shalaka Shinde
Hindustan Times, Pune
pune,maharashtra,defaulter
Omprakash Basantlal Goenka has been under arrest for the past few weeks and has been interrogated by Nashik and Mumbai police, before the Pune police arrested him from Nashik.(Bloomberg)

Omprakash Basantlal Goenka, of Royal Twinkle Star Club (RTSCL) and Citrus Check Inns Ltd (CCIL), who was arrested by the Pune police last week, will be produced in court for an extension in his police custody, according to officials of the economic offences wing (EOW) of Pune police.

Goenka, along with various others from his company, was booked for duping lakhs of investors all over the country who had invested in his company and were promised returns.

“In Pune, the number of investors has crossed 1,000. We arrested him on June 14 and he was remanded to police custody till tomorrow (June 19). We will produce him in court tomorrow,” said police inspector Sanjay Kurundkar of economic offences wing, Pune police, who is investigating the case.

“For the first 23 years, the company paid returns to the investors, but in the past few years, it stopped completely,” said Rajashree Gadgil, convenor member of Royal Twinkle- Citrus Investors Forum (RTCIF).

Gadgil herself was an agent-investor in the multi-level-marketing system established by Goenka's company. “The company kept on changing its name over the years. When Royal Twinkle Star Club declared insolvency, the members started another company with the same modus under the name of Citrus Check Inns Ltd,” she added.

Omprakash Basantlal Goenka has been under arrest for the past few weeks and has been interrogated by Nashik and Mumbai police, before the Pune police arrested him from Nashik.

A case under Sections 420 (cheating), 406 (criminal breach of trust), 409 (criminal breach of trust by public servant, or by banker, merchant or agent) and 120(b) (criminal conspiracy) of the Indian Penal Code (IPC), along with Sections 3 and 4 of the Maharashtra Protection of Interest of Depositors (MPID) Act, was registered against Goenka, Prakash Ganpat Uttekar and Narayan Kotnis along with the marketing associates of the company, at Swargate police station. Uttekar and Kotnis are two of the directors of the company in question.

The case was registered on December 18, 2017, and was later transferred to the economic offences wing.The company holdings and properties in various parts of the country were raided and over 45 of the properties were attached by the police.

First Published: Jun 18, 2018 23:20 IST