Bhubaneswar: The CBI has arrested the director of a Bengaluru-based chit fund firm for allegedly duping hundreds of investors in Odisha’s Ganjam and Gajapati districts, officials said Monday.
Sivakumar Gangadharan alias G Sivakumar, who had been dodging police since 2018, was finally arrested by a CBI team from Karur, Tamil Nadu.
The accused was the director of RightmaxTechnotrade International Limited.
“A CBI team from Bhubaneswar arrested him August 3 and produced him before the special CJM court, which remanded him to judicial custody till August 18,” officials said.
The chit fund firm was promising a monthly return of Rs 1,000 for 33 months on a one-time deposit of Rs 10,000.
PTI
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