Archive · 17 Dec 2025
Odisha EOW Arrests CA Couple in Rs 20 Crore Fraud
The Odisha Economic Offences Wing (EOW) has arrested a Chartered Accountant named Chandra Sekhar Sahoo and his wife Jharana Sahoo for a big fraud.
They took Rs 20 crore from many people by promising to double their money in 30 months.
The couple ran a company called M/s Evoreach Ventures Pvt.
Ltd.
and tricked investors with fake promises of high returns.
They even gave fake certificates and bonds to make people trust them.
After some time, they stopped paying the returns and disappeared.
The EOW found that the couple collected money not only for their company but also for other trading companies.
Many people from different parts of India invested their money, believing the couple's promises.
Odisha EOW arrested Chandra Sekhar Sahoo and his wife Jharana Sahoo for a Rs 20 crore fraud.
The couple ran M/s Evoreach Ventures Pvt. Ltd. and promised high returns to investors.
They collected money for investment and share trading, depositing it in company and personal accounts.
Investors from Orissa, Bangalore, Madras, and Delhi were deceived with fake certificates and bonds.
The accused initially paid returns to some investors but later absconded after closing company offices.
- Who
- Chandra Sekhar Sahoo and Jharana Sahoo
- What
- Arrested for Rs 20 crore investment fraud
- When
- Arrested on December 12, case registered on December 8
- Where
- Arrested in Noida, Uttar Pradesh, case in Odisha
- Why
- Accused of running unregulated deposit schemes promising high returns
- Accused Names
- Chandra Sekhar Sahoo and Jharana Sahoo
- Fraud Amount
- Rs 20 crore
- Company Name
- M/s Evoreach Ventures Pvt. Ltd.
- Investment Period
- February 2022 - February 2024
- Arrest Date
- December 12
- Complainant
- Jayant Mishra
- Investor Locations
- Orissa, Bangalore, Madras, Delhi
