Four officials of chit fund company arrested

Balasore: Four senior officials of a chit fund company were arrested on Sunday from Jaleswar in Balasore district of Odisha for allegedly duping investors, police said.

All the four persons had come from West Bengal to Jaleswar when police got information about their visit to the town and arrested them, a senior police official said.

Criminal cases are pending against the four ponzi company officials in Baliapal police station in Balasore district in connection with irregularities and alleged cheating of people, he said.

The four were identified as Milan Kumar Banerjee, Senior General Manager, Bidyut Kumar Bala, General Manager, Sudhir Chandra Bera and Sumit Dasgupta, executives of Roofers Infrastructure and Investment company, police said.