The Economic Offences Wing (EOW) of the State Crime Branch (CB) on Tuesday arrested two directors of the Sagarika Mutual Chit Fund Company from West Bengal for allegedly duping depositors to the tune of ` 4 crore in Odisha.
The arrested were Shibu Das, director of the firm, and Satyan Manik, Odisha head of the company. The investigating agency would bring the duo to Bhubaneswar on transit remand.
According to sources, the EOW would grill the duo regarding the investor’s money and how they were spent. It would also interrogate them over the company’s link with some of the high profile persons in the state and would get the details on it.
The staff of the firm had allegedly gone absconding after collecting around `4 crore from investors.
The company, having its main office in Cuttack, had duped many people of Jagatsinghpur, Nayagarh, Dhenkanal and Cuttack districts.