EOW submits preliminary charge sheet against Oscar Chief, Directors


Bhubaneswar: The Economic Offence Wing of the Crime Branch on Sunday filed the preliminary charge sheet against Prabhas Rout the Chairman and seven other Directors of ponzi firm Oscar Group of Companies, a release from the Crime Branch headquarters said.

The EOW has submitted a 200 paged charge sheet in a special chit fund court in Cuttack.

The probe team has also written to the Finance Department to initiate confiscation of movable and immovable properties of the company worth of 50 crores.

It is to be recalled that Rout was arrested from Hauj Khas area of Delhi during June this year on charges of amassing more than 200 crores rupees through his chit fund offices of the company spread across Odisha, Gujarat and Maharastra.

Rout who has already produced four Odia cine movies is also a real estate and infrastructure businessman. He is currently lodged in Chowdwar jail.

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