The Economic Offences Wing (EOW) of Odisha Crime Branch arrested another director of Vista Management Services Ltd, a chit fund company, from Bhubaneswar. This is the third arrest by the Crime Branch in the Vista chit fund scam.
On Friday, EOW sleuths arrested the director of the firm identified as Manoj Patnaik from Bhubneswar. Earlier in this week, the officials arrested managing director Deb Kumar Panda and a former director Bijay Swain.
According to reports, director Manoj Patnaik was a native of Bolangir and used to collect money from investors during his tenure as director of Vista chit fund company. The company has allegedly duped investors of Rs 50 crore.