Soubhagya Kumar Samal, Managing Director, Midas Touch Group of Companies, and its Director Nirupama Samal were arrested by the agency from Vadodara district of Gujarat.
"CBI had registered the case against then Managing Director and then Director of Odisha-based private Group of Companies and nine others relating to alleged chit fund scam," a CBI spokesperson said here.
She said they have been charged with criminal conspiracy and cheating under IPC and for violations of the Prize Chits and Money Circulation Schemes (Banning) Act, 1978.
The spokesperson said the duo had been absconding since registration of the case by the local police in 2013 and the Special CBI court had issued non-bailable warrants against them.
"CBI traced both the accused and arrested them from Gotri in Vadodara district of Gujarat... The arrested accused will be produced before a competent court at Vadodara today for issuance of transit remand to bring them to Bhubaneswar for further production in the court of Special CJM, CBI cases," she said.