[Bhubaneswar,Odisha,Delhi] Chit fund company Oscar Chief Arrested.
The Oscar Group of Companies chairman has been arrested by the Economic Offences Wing (EOW) of Odisha police on the charge of duping people of Rs 230 crore.
Group Chairman Prabhas Chandra Rout was arrested by Crime Branch sleuths from a temple at Hauz Khas area in New Delhi where he was hiding under a false name,
“The Oscar Group Chairman Prabhas Chandra Rout was wanted in connection with chit fund scam to the tune of Rs 230 crore,”
Oscar Group had floated a chit fund company in 2010 and its branches were spread across Odisha, Gujarat and Maharastra, Crime branch had registered a case against Rout.
Earlier, Muna Patra the general manager of the company was arrested and is now in jail.
Rout, sources said, Owns an
Odia daily and has
produced about four Odia films
. He is also into
real estate and infrastructure business.
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