Crime

Chit fund scam: CBI arrests Nirmala Infra executive director from MP

Bhubaneswar: The CBI today arrested the chit fund accused and executive director of Nirmal Infra Home Corporations Limited from Madhya Pradesh.

Arrested Niranjan Saxena and his firm has allegedly duped investors of Rs 433 crore by luring them of high returns

The CBI sleuths brought the accused on transit remand to Bhubaneswar for interrogation after arrest in Madhya Pradesh.

Earlier, the CBI had arrested the CMD Ashish Chouhan and General Manager Abhisekh Chouhan of the ponzi firm on March 7 this year in Bhubaneswar.

Nirmal Infra allegedly duped millions of investors in Odisha and other states.

The Bhopal-based organization claimed that they had business in real estate, apparel manufacturing, mineral water, consumer durables, hotels and resorts.

They attracted depositors to invest in various schemes of the company with a promise of high returns.

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