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EOW to probe ₹8,000 crore holiday firm scam after investors hold massive protest in Pune

It has been decided that all the complaints related to the twin companies (Citrus Check Inns Ltd and Royal Twinkle Star Club) will be accepted at the EOW office in Sangamwadi. Meanwhile, the first FIR in connection with the case has been lodged at the Swargate police station.

pune Updated: Dec 19, 2017 23:35 IST
Nadeem Inamdar
Nadeem Inamdar
Hindustan Times, Pune
EOW,massive protest,Pune
Investors of Royal Twinkle Star Club Ltd and Citrus Check Inn Ltd gather at the Kalaprasad Karyalaya on Saturday in Pune.(HT PHOTO)

nadeem.inamdar@htlive.com

The Pune Police have decided to probe the alleged ₹8,000 crore fraud involving cheating lakhs of investors who have been running from pillar to post to claim their dues for investments made with the Mumbai-based Citrus Check Inns Ltd (CCIL) and Royal Twinkle Star Club (RTSCL). Joint commissioner (Law and Order Ravindra Kadam has directed the Economic Offences Wing (EOW) to lodge a First Information Report (FIR) in connection with the multi-crore fraud.

Thousands of duped investors under the banner of Royal Twinkle-Citrus Investors Forum carried out a morcha to the Pune police commissioner office and divisional commissioner’s office demanding strict action against the fraudsters.

Forum office-bearers Rajshree Gadgil, Bapu Potdar, Mugadha Joshi, Bhalchandra Kulkarni and others met joint commissioner Kadam and divisional commissioner Chandrakant Dalvi and gave them a presentation about the state-wide ramifications of the scam and demanded a professional probe into the case.

The forum members submitted a list of company directors to the police comprising group chairman and managing director Omprakash Basantlal Goenka; directors -Prakash Ganpat Uttekar, Venkatraman Natrajan, Narayan Shivram Kotnis; president (finance) Umesh Vartak and finance executive Jeetubhai Desai. They demanded that the directors must not be allowed to sell the company properties and the passport of MD Omprakash Goenka should be impounded with immediate effect.

The forum members also discussed the case with DCP (EOW and cyber crime ) Sudheer Hiremath. It has been decided that all the complaints related to the twin companies will be accepted at the EOW office in Sangamwadi. Meanwhile, the first FIR in connection with the case has been lodged at the Swargate police station.

Over a lakh investors from Pune region have been left in the lurch over non-payment of their dues comprising commission and maturity amount for investments made with Citrus Check Inns Ltd (CCIL) and Royal Twinkle Star Club (RTSCL). The investors under the aegis of Royal Twinkle- Citrus Investors Forum (RTCIF) held a big protest meet at Kalaprasad Mangal Karyalaya in Sadashiv Peth on Saturday where the victims blamed the police for slow pace of investigation into the case . The scam ,according to the forum members is reported to be worth more ₹100 crore in the Pune Region alone. The meet saw an unprecedented turnout of aggrieved investors who said that they were ready for a long drawn legal fight against the company.

First Published: Dec 19, 2017 23:34 IST