The Managing Director of Green Ray International Limited (GRIL), Mir Sahiruddin, who has been on the run nearly three years for multi-crore ponzi scam has been apprehended by the the Central Bureau of Investigation (CBI), India’s premier law enforcement agency for the investigation of corruption cases on Friday, February 3rd.
Sahiruddin is a native of Balasore District but has been hiding with his family in Abuja, Nigeria’s Capital. He had entered India on Bangladesh passport by impersonating him as Ahmed Hussain and was arrested from Kolkata.
GRIL is accused of duping nearly Rs 2,000 crore from poor and unsuspecting investors of Odisha and 13 other states promising the huge returns on their investments in a short span of time. On September 28, 2015, CBI private detective had raided different branch offices of the ponzi firm. GRIL which dealt in gold and silver trading possessed nearly 20.68 acres of land in Balasore district that had been confiscated by the Economic Offences Wing (EOW) of the Crime Branch.
It was reported that, Bhubaneswar CBI SP Rajiv Ranjan had been tracking Sahiruddin for long and 13 cases have been registered against the company authorities under various sections of IPC and Prize Chits and Money Circulation Schemes (Banning) Act 1978 in Balasore, Mayurbhanj, Ganjam, Sonepur and Khurda districts in 2013. Chhattisgarh police also had registered five cases and arrested one director Ayub Saha and one branch manager.
The company had a deposit of Rs 57,41,541 in 46 accounts, which was frozen while the EOW had seized Rs 9,55,745 in cash, 246 gram gold coins worth Rs 4,15,751 and 9.5 kg silver coins worth Rs 6,66,200.
Apart from the 41 branches in the State, GRIL had 67 more branches in Maharashtra, Goa, Jharkhand, Chhatisgarh, Bihar, West Bengal, Andhra Pradesh, Delhi, Karnataka, Tamilnadu, Haryana, Madhya Pradesh, Uttar Pradesh and Gujarat besides its international branch in Bar Dubai. Earlier, Sahiruddin was arrested by State Security Service (SSS), the primary domestic intelligence agency of Nigeria on July 15, 2015 on the grounds of suspected money laundering. Later, he managed to obtain bail.
He has been successful in this act without suspicion by transferring the crores of rupees from India to Dubai and then Nigeria through hawala brokers.