The Central Bureau of Investigation (CBI), Bhubaneswar on Tuesdayarrested five officials of two chit fund companies for their alleged involvement in the multi-crore chit fund scam in the State.
While three of the five arrested are the officials of money collection firm Asha Agro, the rest two belong to the Tower Infotech company.
The five arrested functionaries were identified as Tarun Baroi, Ranjit Sasi, Parimala Biswas, Ashi Chatterjee and Upendra Chattopadhaya. All of them would be produced at the Special CBI court here on Wednesday.
Earlier on January 6, the CBI had arrested three executives of chit fund firm Swastik India Multi State Credit Cooperative in connection with the company’s alleged money laundering activities.
The CBI is investigating into the chit fund scam in the State as per the direction of the Supreme Court. It is inquiring about the involvement of 44 companies in the scam.