Bhubaneswar: The Economic Offences Wing (EOW), Bhubaneswar has arrested two directors of IAAVIC Pvt. Ltd from Mumbai for allegedly duping more than Rs 10 crore from investors from Odisha and other states.
The two accused Directors have been identified as Arpan Patel and Adyajyoti Nayak.
IAAVIC Pvt, claimed to be a stock market advisory company but actually, it runs ponzi schemes masking as share advisory on a cyber platform.
The directors allegedly cheated more than Rs 10 crores from investors from Odisha and many states.
They were produced before the Addl. Chief Metropolitan Magistrate, Court No. 9, Bandra, Mumbai on 10.03.2022 and are being brought to Bhubaneswar on the strength of transit remand for their production before the Designated Court under OPID Act, Cuttack.
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