After a 200 crore scam involving Jacqueline Fernandez and Nora Fatehi, Bollywood is once again involved in a legal controversy. Actor Govinda is facing investigation by the Odisha Economic Offences Wing (EOW) for his promotional videos for a company that has been found guilty in a 1000 crore online Ponzi scam.
According to reports, a company called Solar Techno Alliance operated an online Ponzi scheme under the guise of cryptocurrency investment. They collected deposits from over 2 lakh people across India without authorization from the Reserve Bank Of India. STA made a massive 1000 crore through this alleged illegal practice.
EOW inspector general JN Pankaj stated, “We will be sending a team to Mumbai to question filmstar Govinda, who attended STA’s grand function in Goa in July and promoted the company in some videos.”
Govinda has not been identified as a suspect or accused yet. JN Pankaj added, “His exact role in the case can only be determined after investigation. If we find that his role was limited to endorsing the product (STA-Token brand) as per their business agreement, then he will become a witness in our case.”
Solar Techno Alliance allegedly swindled 30 crores from 10,000 people in Bhadrak, Keonjhar, Balasore, Mayurbhanj, and Bhubaneswar. They also targeted victims from Bihar, Uttar Pradesh, Punjab, Rajasthan, Haryana, Delhi, Jharkhand, Assam, and Madhya Pradesh.
Stay tuned to Celebtrends for more updates on the Ponzi scam probe involving Govinda!