KOLKATA: The Detective Department of Kolkata Police on Friday booked Sailesh Pande, the prime accused in the loan-cum-forex embezzlement scam in Odisha, and three others from the Odisha-Gujarat border.

The Enforcement Directorate (ED) has also launched a parallel investigation into the scam, focusing in particular on the foreign exchange component of the case.

The homes of Sailesh and Arvind Pande in Shipbur were raided and searched by the Kolkata Police earlier this week, at which time they seized a sizable quantity of gold and diamond jewellery as well as cash valued at about Rs 8 crore.
At the same time, Sailesh Pande's two bank accounts had deposits totaling Rs 20 crore frozen by the city police.

Sailesh Pande, who identified himself as a professional accountant, defrauded customers by claiming to be able to pass loan applications.

Despite coming from a middle-class family, Archana, 26, and her husband were living the high life. They were travelling in opulent buildings and riding in expensive automobiles and bikes. The couple had a large collection of vehicles, four dogs, a horse, bungalows, a farm, etc. as pets.

Man kills his own wife and mother-in-law, shocking reason

Real estate businessman jumps from 23rd floor, wrote this on suicide note

Muslim boy befriended Hindu girl on FB, raped and left her pregnant