Bhubaneswar, Nov 27: One more director of Tresty Securities Ltd was arrested by Odisha Crime Branch officials here on Friday in connection with chit-fund scam. As per reports, Rashmi Ranjan Mohapatra, director of the company was arrested by the Crime Branch sleuths in the capital city.
Notably, managing director of Tresty Securities Ltd, Dayanidhi Mohapatra was arrested on Nov 13 from Nasik in Maharashtra by the team of Odisha Crime Branch in connection with cheating and duping investors to the tune of Rs. 10 crore.
The company had collected money from investors in pretext of giving them higher returns by floating various chit fund schemes. In 2013, the officials disappeared by closing all the branch offices at Balasore, Soro, Bhadrak and Betanati. A case was also filed by market regulator – Securities and Exchange Board of India (SEBI) against the company.