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Chandra Kishore Mina Awarded President’s Police Medal

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IGP Chandra Kishore Mina By Dheeraj Fartode Chandra Kishore Mina, an IPS officer of the 2006 batch, has been awarded the President’s Police Medal for Meritorious Service. Currently serving as Special Inspector General of Police (IGP) for the Anti-Terrorism Squad (ATS), Mina has held several important positions in Nagpur and the Vidarbha region. While serving as ASP in Gadchiroli, Mina led a successful anti-Naxal operation in 2009, which resulted in the Petha encounter, weakening the Naxal movement. This operation earned him the DG Insignia. As SP in Akola and Nanded, Mina used innovative methods to maintain communal harmony and resolve tensions effectively. He uncovered a state-wide kidney transplant racket in Akola and, as DCP in Nagpur, dismantled organized crime syndicates through MCOCA and MPDA cases. In Nanded, Mina detected a recruitment scam that affected the entire state. His technological skills were evident when he implemented the court monitoring system in Akola. As DCP in M...
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Ponzi scheme scam affects 5,000 families, Rs 2,000 cr investment in limbo

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More than 2,000 investors had parked their money in the company after heavy returns promised by Wasankar

By Dheeraj Fartode
After investigating all papers, which were seized from office of Wasankar Wealth Management Ltd, EoW sleuths believe that this controversial stockbroker’s liability towards his investors could be around Rs 200 crore, at least as per papers available with them. More than 2,000 investors had parked their money in the company after heavy returns promised by Wasankar, said EoW sources.
Infact, according to Wasankar’s own claim, more than 5000 investors had invested money through his company. By a very conservative estimate, the total money invested with the group is pegged at anywhere between Rs 1200 crores to Rs 2000 crores. Many big time investors who parked their surplus and in some cases unaccounted money with him, are not likely to stake claim for money lost, for obvious reasons.

The police had prepared a list of properties belonging to Wasankar and already had issued instructions to the registrar’s office to bar any transactions related to these assets. Wasankar was operating in the name of Wasankar Wealth Management and there is another entity, Wasankar Agro, in whose name some property has been purchased off Amravati Road.

A senior police officer informed that Wasankar had current accounts in Axis Bank, ICICI Bank, Indian Overseas Bank (IOB), HDFC Bank, and co-operatives banks. The sources further informed that every investor has parked minimum Rs 10 lakh in the company. It can be also mentioned that Wasankar had assured his investors that they would get their money back as per their plan after EoW had booked him for criminal breach of trust. However, the balance in the bank accounts, trading accounts and even properties is so pitiable that it is doubtful whether any investor will get anything after all the properties are put to auction or liquidated. The proceeds are distributed on pro-rata basis.
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