Managing Director of Akash India Multicomplex nabbed by EOW

Bhubaneswar: The economic offence wing (EOW) of Odisha Crime Branch on Sunday arrested Kedar Nath Sahu, the managing director of Akash India Multicomplex Ltd for allegedly duping investors to the tune of Rs 3 crore.

Special Director General of Police (Crime Branch) BK Sharma informed about the arrest through a tweet.

EOW of #OdishaCrimeBranch arrests accused Kedar Nath Sahu, MD of M/s Akash India Multicomplex Ltd.

— Bijay Kumar Sharma (@BijayKumarShar7) May 7, 2017

Sahu is involved in a case of unauthorized collection of public deposits and cheating several investors to the tune of over Rs 3 crore.

Earlier, the duped investors had filed FIR against Sahu with the EOW, said Sharma, adding that  the investigation into the case is on. He would be produced in court today.