Advocate arrested for duping people of lakhs of rupees in Odisha

KalingaTV News Network

Gunpur: An advocate was arrested by Rayagada police on Monday for allegedly duping people of lakhs of rupees though his chit fund companies.

The arrested advocate has been identified as Kailash Sabar.

According to reports, Sabar was running two chit fund companies – List, Damono. He had collected lakhs of rupees from the people on pretext of lucrative returns on their investments. However, some investors filed police complaint against him after he failed to pay them their money.

The Gunupur sub-divisional judicial magistrate (SDJM) court had issued a non-bailable warrant (NBW) against the advocate, following which police arrested him yesterday. Besides, the two chit fund companies were also sealed by the cops.

The arrested advocate will be forwarded to the court later today, informed sources.

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