Bhubaneswar: The Economic Offences Wing (EOW) of Crime Branch on Tuesday arrested three directors of Oscar chit fund company.
According to sourced, the investigating agency has also arrested a property dealer for his links with the Ponzi firm. One of the three arrested directors of Oscar belongs to Surat, sources in the probe agency said.
Meanwhile, with the remand period of Prabhas Rout, head of the chit fund firm, ending today, the Crime Branch is likely to seek a fresh seven-day remand for him for further interrogation. The probe agency is also likely to grill Prabhas and the three arrested directors jointly during the fresh remand period to elicit more information about the monetary transactions of the company.
On Tuesday, Crime Branch had traced some more properties of the scam-tainted chit fund company. After locating five properties in Gujarat, the Crime Branch sleuths have traced two properties of the company in Maharashtra. Moreover, bank deposits worth Rs 1 crore were also traced during the investigation, sources said.
While three cases of financial fraud worth more than Rs 15 crore are pending against Prabhas and his company in Gujarat, two more are pending in Odisha.
Sources informed it is more than likely that the Crime Branch sleuths will interrogate Ollywood stars in this connection. Moreover, a team led by a DSP is likely to visit Gujarat to probe the matter and locate any more properties Oscar chit fund may have in that state.