Oscar scam: Maharashtra investors file complaint at EOW

Bhubaneswar: Trouble mounted for Oscar chit fund company chief Prabhas Rout, who is already in police custody, after as many as 15 depositors from Maharashtra filed complaints against the director of the tainted Ponzi firm with the Economic Offences Wing (EOW) of Crime Branch here today. According to sources, the chit fund company had collected […]

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Bhubaneswar: Trouble mounted for Oscar chit fund company chief Prabhas Rout, who is already in police custody, after as many as 15 depositors from Maharashtra filed complaints against the director of the tainted Ponzi firm with the Economic Offences Wing (EOW) of Crime Branch here today.

According to sources, the chit fund company had collected money from depositors through 58 branches in Gujarat on the promise of providing high returns on deposits. Three cases are pending against the chit-fund company in the western State.