Bhubaneswar, Sept 15: In an another chit fund case, a man named, Kailash Chandra Sethy, chief of Katloon Management and financial Service Pvt Ltd, has been nabbed by the Economic Offence Wing (EOW) of Odisha Crime Branch on Thursday.
As per the information, the company got it registration from the Registrar of Companies, Cuttack in November 2010. Along with this it had its branches at Bhubaneswar and Ganjam.
On the basis of a complaint lodged by Ramakrushna Pani at Guguda police station, EOW arrested Sethy on allegedly duping depositors for Rs 5 crore.
It may be noted that, in July 2015, Ganjam Police arrested the director of the company, Ashwini Kumar Nayak.
