Business Standard

Postmaster arrested for diverting deposits to chitfunds

Image

Press Trust of India Kendrapara
A postmaster, who allegedly diverted deposits to a local chit fund company which closed down, was today arrested from a village in Odisha's Kendrapara district, police said.

Postmaster Suresh Kumar Kar allegedly diverted deposits made by people to the Golden Forest chitfund company which closed its office, they said.

Kar was arrested on a complaint filed by a depositor Nrusingha Charan Mohanty, whose deposit of Rs 1.70 lakh was swindled by the chitfund company.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 08 2013 | 2:10 PM IST

Explore News