Chief of Bandhan ponzi firm arrested from Cuttack


Bolangir: Chief of ponzi firm Bandhan Financial Services, Devi Prasad Moharana has been arrested on Sunday from Cuttack.

The arrestee is a resident of Chhatia in Jajpur district was brought to Bolangir and will be produced before court soon.

Maharana however pleaded innocence and said he was trapped in a false case.

Notably, hundreds of women of Bolangir town have been duped of more than Rs 1 crore by the ponzi firm on the pretext of providing them loan at low interest rate.

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