Odisha EOW Brings Noida-Arrested Couple to State in Rs 20-Crore Investment Fraud Case

Investigators are tracing investor funds from an alleged illegal high‑return scheme run by an ex‑MCL accountant's firm.

Overview

Chandra Sekhar Sahoo and his wife, Jharana Sahoo, were detained in Greater Noida and transported to Odisha on transit remand.
EOW registered Case No. 18/25 on December 8 following a complaint by MCL employee Jayant Mishra, with the couple arrested on December 12.
Probes center on Evoreach Ventures, which was converted to a public company, and related entities that allegedly offered unregulated plans to double investments in 30 months.
After making limited initial payouts, the operators shut offices in Handidhua (Talcher) and Patia (Bhubaneswar), with roughly Rs 20 crore collected from investors across Odisha and cities including Bengaluru, Chennai and Delhi.
Authorities say deposits flowed through both company and personal accounts; investigators have seized fake agreements, deposit receipts and mobile phones as the financial analysis continues.