Odisha police seek L-R against chit fund scam accusedhttps://indianexpress.com/article/india/india-news-india/odisha-police-seek-l-r-against-chit-fund-scam-accused-2755633/

Odisha police seek L-R against chit fund scam accused

Panda was arrested from Bhubaneswar station last year before he could board a train to Vizag, from where he was to catch a flight to Singapore.

Odisha police has requested Home Ministry to send a letter rogatory to Singapore, seeking investment details of chit fund scam accused Deb Kumar Panda, MD of Vista Management Services, which allegedly duped investors of at least Rs 50 crore.

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Rajendra Patnaik, SP of Economic Offences Wing of state police, said they suspected that Panda made some investment in Singapore. In April last year, Panda had been booked in a case under Prize Chits and Money Circulation (banning) Scheme Act, 1978, and Odisha Protection of Interest of Depositors Act, 2011.

Panda was arrested from Bhubaneswar station last year before he could board a train to Vizag, from where he was to catch a flight to Singapore.

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