'Conman' Golden Baba set up 'fake companies with Rs 3,769 crore turnover'

Bhubaneswar, Jan. 14 -- Jyoti Ranjan Beura alias Golden Baba used to lure businessmen and companies with fake business and income tax filing documents to raise money. Such details emerged after EOW of the Odisha Crime Branch seized incriminating documents during a search of Golden Baba's house.

Sources said Golden Baba had set up nine group companies on paper with annual turnover of Rs 3,769 crore and branches in Durban, Singapore, Dubai and Malaysia. Moreover, some income tax filing documents were also seized showing a tax liability of Rs 4.16 crore per annum.

Using the fake stamps of income tax department and chartered accountant firms, Golden Baba used to cheat other companies and businesses. According to sources, the conman had signed...