Chit fund director arrested

Bhubaneswar, May 22: The Economic Offence Wing (EOW) of the Odisha Crime Branch has arrested Bijay Swain, director of Vista Management Services, in connection with the chit fund scam in the state.

He was caught from Bhubaneswar. Several places in Bolangir and Bhawanipatna were also raided to establish the chit fund link.

Earlier, the crime branch sleuths had arrested the company MD Deb Kumar Panda from Bhubaneswar railway station while he was leaving for Vizag from where he could have caught a flight to Singapore.

The firm has duped the depositors to tune of Rs 50 crore.