Postmaster arrested for diverting deposits to chit funds

A postmaster, who allegedly diverted deposits to a local chit fund company which closed down, was on Saturday arrested from a village in Odisha`s Kendrapara district, police said.

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Postmaster Suresh Kumar Kar allegedly diverted deposits made by people to the Golden Forest chitfund company which closed its office, they said.
Kar was arrested on a complaint filed by a depositor Nrusingha Charan Mohanty, whose deposit of Rs 1.70 lakh was swindled by the chitfund company.