The Angul Town police are investigating allegations against a chit fund company, which has reportedly duped investors of over `20 lakh.
As per the allegations lodged by investors with the police, the company had opened its office at the Shubhra Towers premises in the town two years back and collected the monry from about 30 investors with a promise to refund double the amount deposited by them in three years.
However, the company and its agents suddenly fled the area with the deposit money.
“One of the agents of the company, Bishnu Barik, fled the area a year ago after collecting money from some people in the town. We have registered a case against him and are trying to trace his whereabouts. After arresting him, we can get the
details of the company and its head office and the amount of money he has collected from the people,” IIC of Angul Town PS Subas Chandra Sahu told the media.