The Sahadevkhunta police arrested two persons including a director of a deposit collection company on Tuesday. They were identified as Krushna Chandra Sahu (38) of Khunta of Mayurbhanj district (director) and Pranab Kumar Behera (25) of Nuasahi in Baleswar town (agent). A SUV, Tata Indigo CS car and a motor cycle were also seized from their possession They were operating a Ponzi firm having its head office at the Station square since 2010.
The company had collected nearly Rs 8 crore from the investors offering them promises of high returns. But it could neither give the dividends nor the principals and had closed down its office all of a sudden. The investors approached police then. Recently, investor Jagannath Barik of Sahada had lodged an FIR. The police after registering a case under various Sections of IPC and Prize Chit and Money Circulation (banning) Scheme Act 1978 and Odisha Protection of Interest of Depositors Act forwarded the duo to court.