The Economic Offences Wing (EOW) of the Crime Branch has arrested city-based AB Realtech chief D Keshavananda Patra from Visakhapatnam. Patra, who ran a chit fund company in the name of AB Realtech, has duped depositors of more than Rs5 crore with a promise to double their money, informed Crime Branch ADG BK Sharma.
The accused managed to flee to Visakhapatnam after depositors lodged complaints against him of at the EOW, sources said. A special EOW team trapped him a few days ago in Visakhapatnam and finally arrested him. He was forwarded to court.