Govinda Has Nothing To Do..: Actor’s Manager Issues Statement After Reports Of Interrogation In Rs 1000 Crore Ponzi Scam, Celebrity News

Bollywood star Govinda recently hit the headlines when reports of his interrogation by EOW in the Rs 1000 Crore Ponzi scam case surfaced online. However, the Partner actor’s manager a statement. Check what he had said.

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Updated Sep 15, 2023 | 11:16 AM IST

Govinda Has Nothing To Do..: Actor’s Manager Issues Statement After Reports Of Interrogation In Rs 1000 Crore Ponzi Scam

In recent developments, there have been emerging reports related to a substantial nationwide online Ponzi scheme investigation led by the Economic Offences Wing ( EOW ) of Odisha. These reports have shed light on the alleged connection of a well-known Bollywood figure. The EOW initially signalled its intention to question this prominent Bollywood actor in connection with the sprawling Ponzi scheme investigation.

Govinda ‘s manager issue clarification

However, in a swift response to the news disseminated across various media channels, the manager representing the Bollywood personality has categorically denied any association between the actor and the ongoing case. The manager asserted that their client, the actor in question, is entirely unrelated to the matter under investigation. Initial reports hinted at the possibility of the Bollywood actor Govinda being subjected to an interrogation by the Odisha EOW regarding the extensive nationwide online Ponzi scheme.

Seeking to clarify the situation, EOW’s Inspector General, J. N. Pankaj, clarified that the Bollywood figure, despite initial speculations, is neither considered a suspect nor an accused party in the investigation. Instead, it is suggested that the actor’s involvement might have been confined to endorsing the product associated with the scheme.

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In further developments, the EOW revealed its intentions to dispatch a team to Mumbai with the aim of conducting an inquiry involving the aforementioned Bollywood personality. The actor’s participation in an event related to the company and promotion of the product through video content warranted such attention from the investigators.

The manager representing the Bollywood figure, Shashi Sinha, has taken the opportunity to underscore the incomplete nature of the reports. Sinha has firmly stated that their client’s involvement was limited to participating in an event facilitated by an external agency.

The backdrop of this investigation is a massive Ponzi scheme allegedly linked to the entity known as Solar Techno Alliance (STA-Token). This scheme is reported to have defrauded thousands of individuals in the state of Odisha and attracted deposits from investors residing in various regions across India.

It is important to note that the EOW had already taken decisive action on August 7, arresting the country head and the Odisha head of the company implicated in this intricate web of financial deception.The evolving narrative concerning the alleged connection between the Bollywood personality and the ongoing Ponzi scheme investigation continues to be a subject of intense scrutiny and clarification.

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