Ratikanta Kanungo is an entrepreneur, builder, educationist, media baron and film producer of Odisha, India.
The movies produced by him include the successful "Rakhi Bandhili Mo Rakhiba Mana" (2006), which won the ETV Film Award in 2011.
[3][4] On June 17, 2016, the Utkal Cine Chamber of Commerce announced that they would no longer provide any services or support to Kanungo due to fraud charges against him.
However, a CBI investigation in May 2013 exposed the fact that these educational institutions had been built through fraudulent bank loan availed by mortgaging fake gold jewellery.
The mega scam was exposed in May 2013 when the head office of Odisha Gramya Bank conducted enquiry into the unusual gold loan transactions at their Dumuduma branch with the help of the Central Bureau of Investigation.
[12] In August 2013 and again in December 2015, Kanungo was arrested for fraudulent transactions in which he would take money on the pretence of a land sale, but not transfer any real estate to the buyer.