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Odisha Sun Times Bureau
Cuttack, Jun 20:

The Economic Offences Wing (EOW) of Odisha Crime Branch today arrested Oscar chit fund firm director Prabhat Patnaik from Khallikote area in Ganjam district.

Prabhas Chandra Rout
Prabhas Chandra Rout

The probe agency had earlier arrested three other directors of the company– Kirti Bastia, Abani Patnaik and Tara Prasad Hota– on June 14. The Crime Branch had taken Hota, director of the company’s Surat office, on a 3-day remand for interrogation.

On the other hand, five-day remand period of Oscar Group chairman Prabhas Rout comes to an end today. The Crime Branch had taken Rout on remand for ten days in two phases of five days each.

During interrogation of Rout, the investigating agency has got significant clues regarding links between the firm and Ollywood (Odia film industry), sources said adding that the Crime Branch is likely to interrogate some actors of the cine industry.

Notably, Rout is accused of defrauding customers to the tune of Rs 230 crore in Odisha, Maharashtra and Gujarat.