Govinda Summoned by Odisha EOW in Rs 1,000 Crore Ponzi Scheme Investigation

STA, with a worldwide footprint, conducted an online pyramid scheme disguised as cryptocurrency investments.

Transcript

00:00 Bollywood actor Govinda is set to face questioning by the Odisha Economic Offences Wing in connection

00:05 with a massive Rs 1,000 crore Ponzi scheme, as reported by a leading newspaper.

00:11 The actor's involvement in endorsing Solar Techno Alliance, the company behind the scam,

00:16 has brought him under scrutiny.

00:18 STA, which had a global presence, operated an online Ponzi scheme under the guise of

00:24 cryptocurrency investments.

00:26 The company allegedly collected deposits from over 2 lakh individuals across India without

00:31 the authorization of the Reserve Bank of India, accumulating a staggering Rs 1,000 crore

00:37 in the process.

00:39 EOW officials have clarified that Govinda is neither a suspect nor an accused in the

00:45 case.

00:46 However, they plan to question him due to his endorsement of STA in several videos,

00:51 hoping to gather more information and insights into the scam from his statements.

00:59 Govinda had attended a major event hosted by STA in Goa earlier this year.

01:04 Consequently, a team from the Odisha EOW is expected to travel to Mumbai soon to interview

01:10 the actor regarding his association with the company.

01:14 Officials further emphasized that Govinda's role was that of an endorser, and it was limited

01:19 as per a valid agreement.

01:21 Depending on the outcome of the investigation, he may be designated as a witness in the case.

01:27 As of now, Govinda has not issued an official statement regarding his involvement in the

01:32 case.

01:33 On the professional front, Govinda was last seen in the 2019 film Rangeela Raja and has

01:38 since made appearances on reality shows and events as a special guest.

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