The Dhenkanal police have arrested a person on charges of duping people of nearly Rs12 crore by promising unrealistic returns. According to reports, a group of youths had been collecting deposits for Siddle India Chit Fund Company in and around Hindol area since last few years on the pretext of paying lucrative interest.
“Initially, we were getting returns as per commitment. But for the last one year, the youths did not come to us forcing us to lodge a police complaint,” said a depositor. Acting on the complaints filed by some duped depositors, the Hindol police started an investigation and arrested one Bini Rout of the area. Sources said basing on the statement of Rout, the police launched a manhunt to arrest the rest involved in the swindle.