Investors demonstrate in front of the office of the economic offence wing at Kalpana Square in Bhubaneswar. Telegraph picture

Bhubaneswar, April 23: Hundreds of depositors of Green India Co-Operative Society Ltd, a deposit collection company, today lodged a complaint with the economic offence wing of Crime Branch alleging fraud worth crores of rupees.

Investors form several districts, including Gajapati, Ganjam and Nayagarh, alleged that the chairman-cum-managing director of the company, Pradeep Singh, and chief executive officer Sunil Kumar Panda had been threatening the investors.

“Instead of paying back our money, the company officials have been threatening us. Though we have met several government officials in the last eight months, no action has been taken against the office bearers of the fraudulent company so far,” alleged Prasant Sahu, an investor.

The investors alleged that though Berhampur Town Police registered a case, the police had neither arrested the main accused and nor seized any property of the fraudulent company.

“The office bearers of the company are roaming around freely. The police should arrest them immediately and seize their properties so that we can get back our deposits,” said Narendra Kumar Senapati, an investor.

The depositors alleged that the company had collected crores of rupees from thousands of investors promising to double their investments in three years. The company had collected the money through four schemes — daily interest scheme, monthly interest scheme, fixed deposit scheme and recurring deposit scheme. While the company had its head office at Dharmanagar in Berhampur, it had two other braches at Raikia and Balliguda in Kandhamal district.

The investors also threatened to launch an agitation in front of the office of the economic offence wing from May 7 if the investigating agencies failed to initiate any action.

An official in the economic offence wing said that they would write to the superintendent of police, Berhampur, to take immediate steps to arrest the main accused.

“A case regarding fraud against the company has already been registered with Berhampur Town police station,” said superintendent of police, economic offence wing, R.K Pattnaik.