Bhubaneswar, March 19 -- The Economic Offences Wing (EOW) of Odisha Crime Branch has arrested a top executive of OSCAR Infradevelopment Ltd allegedly involved in multi-crore chit fund scam, sources said today.

The sleuths apprehended Rabindra Prasad Swain, the Director of the Ponzi firm, who was on the run since long. The 45-year-old was produced before the OPID court in Cuttack and sent to jail.

Earlier in June 2016, EOW had arrested three more Directors of the company - Kirti Bastia, Abani Patnaik and Tara Prasad Hota. Few days prior to the arrest of the trio, the Chairman of the Group Prabhas Rout was also arrested for defrauding investors to the tune of around Rs 230 crore promising higher return on investment.

The dubious firm had...