Govinda to be questioned by Odisha EoW in Ponzi scam, says report

Actor Govinda is likely to be questioned by the Economic Offences Wing of Odisha in connection with Rs 1,000-crore pan-India online ponzi scam.

The multi-crore ponzi scam involves Solar Techno Alliance (STA-Token). The company was allegedly involved in illegally operating a pyramid-structured online Ponzi scheme under the garb of crypto investment.

As per a report by ETimes, Govinda reportedly endorsed the company's work and will be questioned regarding that.

EOW’s DSP Sasmita Sahu said, ‘We may issue summons to Govinda for appearing before the EOW for questioning or a team be sent to Mumbai for the purpose’. He added that the actor had attended STA’s grand function in Goa in July and promoted the company in some videos.

‘If EOW finds that the actor’s role was limited to only endorsement of the product (STA-Token brand) as per their business agreement, then we will make him a witness in our case,’ he said.

In August, the EOW arrested the ponzi firm’s country head Gurtej Singh and its Odisha chief Norod Das. An official statement by the EOW said the company had reportedly collected Rs 30 crore from 10,000 people in Odisha’s Bhadrak, Keonjhar, Balasore, Mayurbhanj and Bhubaneswar.

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