Chit fund: CMD held on charge of duping investors
19 May 2015 4:18 AM IST
The Odisha’s Crime Branch on Sunday arrested the chairman and managing director of a chit fund company on charges of duping investors of over Rs 50 crore. Deb Kumar Panda, CMD of Vista Management Services Ltd, was arrested from the railway station, SP-EOW Rajendra Patnaik said.
Panda was apprehended while he was going to board a train to Visakhapatnam and was then supposed to fly to Singapore, Patnaik said, adding, his passport, visa, ticket, hotel booking receipt and foreign currency were seized.
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