New Delhi: The Odisha Economic Offences Wing (EOW) announced on September 13 that Govinda would be questioned in relation to a Rs 1,000 crore nationwide online ponzi scam investigation. The Solar Techno Alliance (STA-Token), which has a global internet presence, was allegedly operating a pyramid scheme while pretending to be a crypto investment company, according to the authorities.
EOW has highlighted Bollywood actor Govinda’s name to be questioned in the Online Ponzi Scam, India Today reported.
Bollywood actor Govinda’s name has been highlighted to be questioned by EOW in the Online Ponzi Scam. According to reports, the actor gave the company his endorsement in a few promotional videos.
EOW inspector general J N Pankaj told TOI, “We will soon send a team to Mumbai to question filmstar Govinda who had attended STA's grand function in Goa in July and promoted the company in some videos.”
The veteran actor is neither a suspect nor an accused. His exact role is only ascertained after investigation. “If we find that his role was limited to only endorsement of the product (STAToken brand) as per their business agreement, then we will make him a witness in our case,” Pankaj added.
Rs 30 crore was collected by the company from 10,000 people in Bhadrak, Keonjhar, Balasore, Mayurbhanj and Bhubaneswar.
According to allegations, they collected deposits of lakhs of rupees from investors across Bihar, Uttar Pradesh, Punjab, Rajasthan, Haryana, Delhi, Jharkhand, and other states as part of the scams. The EOW detained the company's country and Odisha leaders, Gurtej Singh Sidhu and Nirod Das, on August 7, according to TOI. Ratnakar Palai, an investment advisor located in Bhubaneswar, was detained on August 16 due to his connections to Sidhu. Lookout notices were published for the company's Hungarian-born CEO, David Gez.