The Police today arrested the proprietor of a money laundering firm based on complaints made by some some investors and forwarded him to a local court.
According to Balasore town police, a man identified as Jagdish Mishra was arrested and forwarded to a local court after two women lodged a formal complaint against him.
They had deposited money with 'Raj Godson', the alleged money laundering firm.
The women said in the complaint that though their deposits matured, they did not get back their money and were also promised high returns on their deposits.
Based on the preliminary investigation, the Police said the firm was involved in money laundering and real estate business and after getting complaints from some investors, the conducted a raid at the firm's office.
The police have seized some documents in regard to deposits made by people and a probe was on.
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