Actor Govinda to be investigated in Online Ponzi Scam worth Crores

Govinda is neither a suspect nor an accused person, but he could potentially testify for EOW in the investigation into the Rs 1000 billion Ponzi scheme.

Bollywood has been embroiled in another legal dispute following conman Sukesh Chandrashekhar’s 200 crore scam involving Jacqueline Fernandez and Nora Fatehi. The Economic Offences Wing (EOW) of Odisha will look into actor Govinda’s promotional films for the business that was convicted of a Rs. 1000 crore online ponzi scheme.

A corporation by the name of Solar Techno Alliance has reportedly been found guilty of running an online Ponzi scheme under the guise of cryptocurrency investment, according to a number of online sources. According to reports, they gathered deposits from more than 2 lakh people throughout the nation without getting permission from the Reserve Bank of India. STA, a company with a presence all over the world, allegedly earned a staggering 1000 crore through their unlawful activity.

According to Times of India report by EOW inspector general JN Pankaj, “We will soon send a team to Mumbai to question filmstar Govinda, who had attended STA’s grand function in Goa in July and promoted the company in some videos.”

Govinda is not currently listed as a suspect or an accuser. His precise role in the case can only be determined after an investigation, JN Pankaj continued. We will call him as a witness in our case if it turns out that his involvement was restricted to just endorsing the product (STA-Token brand) in accordance with their business arrangement.

In Bhadrak, Keonjhar, Balasore, Mayurbhanj, and Bhubaneswar, 10,000 people are said to have donated 30 crores to Solar Techno Alliance. Additionally, they have deceived a number of victims from Rajasthan, Punjab, Uttar Pradesh, Bihar , Assam , Jharkhand, Haryana and Madhya Pradesh