NBFC official arrested for cheating depositors in Odisha
Berhampur: The managing director of a non-banking financial company (NBFC) has been arrested on charges of cheating depositors in Khallikote area of Odisha`s Ganjam district, police said on Wednesday.
"Women agents of Ganjam-based Abhash India had lodged a complaint against its MD, Niranjan Polai, following which he was arrested yesterday," said Inspector In-Charge of Khallikote police station, Sisir Mishra.
Women agents had made a plan to get Polai arrested as he was on the run following police raids on chit fund companies across the state, police said.
Around 30 of them had sought an appointment with Polai to hand over the deposits and as soon as he reached the office, they gheraoed him and informed police, they said.
The NBFC had allegedly collected lakhs of rupees from rural investors promising them high returns. The amount collected by the firm, mode of collection and period of functioning at Khallikote are being investigated, the IIC added.
More from India
More from World
More from Sports
More from Entertaiment
- UP: Jammu-bound Muri Express derails in Kaushambi
- Five unmanned parachute-like objects spotted over Mumbai airport
- CBSE Board Class 12th Exam Results 2015 declared
- Dawood's intercepted phone calls prove yet again he is in Pakistan
- Jaipur girl Mini Rajpal wins Miss India Deaf 2015!
- Delhi's 2015 CBSE Class 12 topper M Gayatri talks to Zee Media
- Mumbai architecture creates double decker bus from scrap!
- No respite from heat for next three days: IMD
- One year of Modi govt: PM addresses mega rally in Mathura
- Watch: Mumbai cops find new secret agents in housewives!
- DNA: Sikh man in New Zealand removed his turban to help injured kid
- Police registers case after parachute-like objects were spotted over Mumbai airport
- One year of Modi govt: PM promises to fulfil aspirations
- Growing medical negligence in Delhi's AIIMS
- DNA: AIIMS doctor removes both kidneys of minor, claims she had only one
- Heatwave claims over 550 lives so far, Delhi saw hottest day
- Cbse.nic.in & cbseresults.nic.in Class 12th XII Results 2015: CBSE Board Class 12th XII Exam Results 2015 declared
- LIVE - Cbse.nic.in & cbseresults.nic.in Class 12th XII Results 2015: CBSE Board Class 12th XII Exam Results 2015 to be announced shortly
- Check cbseresults.nic.in for CBSE Class 12 result 2015
- Check WBBSE (wbresults.nic.in) Class 12th Results: West Bengal Board (wbscvet.org) Higher Secondary Class XII Vocational Results to be declared today at 4 PM
- Two dead, over 100 injured as Muri Express derails in UP; Prabhu announces Rs 2 lakhs ex-gratia for kin of dead
- PM Narendra Modi's Mathura rally: As it happened
- CBSE Class 12 results out: Here's how you can check
- Public rally on 100 days of AAP govt: As it happened
- Arvind Kejriwal's Aam Aadmi Party changes its logo
- Unidentified flying objects spotted over Mumbai airport not motorised: Home Department
- One year of NDA govt: PM Modi writes open letter to nation, promises to transform India
- World optimistic about India: PM Narendra Modi on 1 year of NDA govt
- Militants kill five, target telecoms in Kashmir attacks
- Bharatiya Janata Party lacks majority for Ram Temple, Article 370: Amit Shah