An officer of leading microfinance firm, Satin Credit Care Network was arrested by the Chhatrapur police here According to information available, the accused is Chandra Sekhar Sahu, Community Service Officer (CSO), of the financing firm.
Chhatrapur police station IIC Piyush Ranjan Chottaray said the accused is a resident of Puri.
The company’s Chhatrapur branch had given loan to 26 prospective borrowers of the locality. Sahu was entrusted with the loan money collection task. Sahu collected Rs 91,000 from 26 borrowers but embezzled the money.
On the complaints filed by the borrowers, company branch manager Smrutiranjan Mishra had lodged an FIR in the police station against the accused. Police registered a case and started investigation. The police succeeded in arresting the accused here on Monday and forwarded him to court.