Chit fund scam: CBI arrests executive director of Nirmal Infra
Bhubaneswar/Bhopal: The Central Bureau of Investigation (CBI) on Friday arrested Niranjan Saxena, the executive director of a chit fund company, Nirmal Infra, on charges of duping crores of rupees from people of Odisha.
Saxena was arrested from Madhya Pradesh by a special team of CBI, and was brought to Odisha today on transit remand. Later, he was presented before the Khurda District and Sessions Judge Court amid tight security and sent to Jharpada jail where he will be lodged under judicial custody till the remand period.
The probe agency is likely to interrogate Saxena to elicit further information on the alleged 433-crore fraud committed by his firm.
Earlier in March this year, the CBI had earlier arrested the CMD and the General Manager of Nirmal Infra Ashish Chouhan and Abhisekh Chouhan respectively in connection with the fraud.
The probe agency had taken up the case in June 2014 following orders from the Supreme Court.
Nirmal Infra is a Bhopal-based private company accused of duping nearly 433 crores from people of several states by promising depositors of high returns.
It had collected over Rs 100 crores from depositors through its agents at more than 60 branches across Odisha, sources said.