The accused, identified as Aswini Kumar Sahu (24) of Balangir district, had opened an office at Tikiri in 2014 and collected huge amount of money from jobless youths, Rayagada Sub-divisional police officer (Rayagada) Jagannath Rao said.
Sahu took money from ITI candidates, promising them jobs in his company. He colleted between Rs 30,000 and Rs 1 lakh from the candidates based on their experience, said Rao.
A special team of Rayagada police arrested Sahu from Balangir district yesterday.
The SDPO said one of the victims lodged a complaint at Rayagada police station in January and an inquiry was initiated. "In the same month the accused shut the office at Tikri and absconded," he said.