By Bizodisha Bureau, Bhubaneswar, June 15, 2016 : The Economic Offences Wing (EOW) of Crime Branch [CB] on Tuesday arrested three directors of Oscar chit fund company on charges of duping public.

The investigating agency is understood to have also arrested a property dealer for his links with the Ponzi firm. One of the three arrested directors of Oscar belongs to Surat, sources in the probe agency said.

The Crime Branch is expected to seek a fresh seven-day remand for him for further interrogation as the remand period of Prabhas Rout, head of the chit fund firm, ended on Wednesday.

The CB will also interrogate Prabhas and the three arrested directors jointly during the fresh remand period to elicit more information about the monetary transactions of the company.

In the meanwhile, the CB had traced some more properties of the scam-tainted chit fund company.

After locating five properties in Gujarat, the Crime Branch sleuths have traced two properties of the company in Maharashtra. Moreover, bank deposits worth Rs 1 crore were also traced during the investigation, sources said.

While three cases of financial fraud worth more than Rs 15 crore are pending against Prabhas and his company in Gujarat, two more are pending in Odisha.

The Crime Branch sleuths will also interrogate Ollywood stars in this connection.

Besides, a CB team will visit Gujarat to probe the matter and locate any more properties Oscar chit fund may have in that state.