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Owner of Odisha chit fund company, two others arrested

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Odisha Sun Times Bureau
Bhadrak, Nov 13:

Police today arrested the owner and two other senior officials of a chit fund company at Odisha’s Bhadrak town.

According to reports, police arrested the owner and two managing directors of Milanjyoti Corporation, a chit fund company accused of defrauding gullible investors of about Rs 10 crore with false promises.

Police swung into action after some investors lodged a complaint against the company with the Town Police Station alleging that it had not returned their money despite repeated reminders.