The Oscar Group of Companies chairman has been arrested by the Economic Offences Wing (EOW) of Odisha police on the charge of duping people of Rs 230 crore.
Group Chairman Prabhas Chandra Rout was arrested by Crime Branch sleuths from a temple at Hauz Khas area in New Delhi where he was hiding under a false name, said Special DG, Crime, B K Sharma.
"The Oscar Group Chairman Prabhas Chandra Rout has been arrested from New Delhi in connection with chit fund scam to the tune of Rs 230 crore," Sharma told reporters adding he was absconding for months before being caught following an inteligence input.
Oscar Group had floated a chit fund company in 2010 and its branches were spread across Odisha, Gujarat and Maharastra, police said adding the crime branch had registered a case against Rout.
Earlier, Muna Patra the general manager of the company was arrested and is now in jail.
Rout, sources said, owns an Odia daily and has produced about four Odia films. He is also into real estate and infrastructure business.
