The Economic Offences Wing (EOW) of the Crime Branch arrested Sukanta Mohapatra, one of the directors of the Ashirbad Multipurpose Cooperative Society, a chit fund company, in Rourkela on Monday evening. He was produced at a court in Cuttack on Tuesday.
Mohapatra had gone underground since a case was registered against Ashirbad Multipurpose and its sister companies Ashirbad Multi Trade Pvt ltd, Ashirbad Mulititech and Infracon and Ashirbad Goat Rearing Pvt ltd for unauthorised collection of more than Rs 7 crore, sources said. After collecting deposits, the directors of the company shut down the corporate office of the company at Paika Nagar in Bhubaneswar and branch offices at various other places across the State.
The Crime Branch had earlier arrested three other directors of the company, Rashmi Ranjan Paikray, Swetanga Patnaik and Subash Chandra Srichandan.