Odisha Crime Branch Arrests Two More Chit Fund Company Heads

**Bhubaneswar/Cuttack:** The Economic Offence Wing (EOW) of Odisha Crime Branch on Tuesday produced two directors of Sagarika Mutual Chit Fund Company before Odisha Protection of Interests of Depositors (OPID) Court, Cuttack.

The accused were identified as Shibu Das and Satyan Manik.

They were arrested on Monday from Medinipur (West Bengal) for allegedly duping depositors to the tune of Rs 4 crores.

Sibu is known as the director of the firm while Satyan worked as the Odisha head of the company.

The company officials were allegedly absconding after pooling around Rs 4 crores from the investors.

People from Cuttack, Jagatsinghpur, Nayagarh and Dhenkanal are said to be trapped by the company.