Two directors of a chit fund company in Balasore town were today arrested by the police.
Two persons - P Jena and R Patra - stated to be the directors of a money laundering company were arrested for allegedly cheating about Rs 50 lakhs rupees from investors, police said.
A complaint was lodged at the Sahadevkhunta police station, situated in Balasore town on June, 2, 2014 and after investigation police arrested one person at that time, they said.
Some five more people were wanted by police in this case, they added.
