Bhubaneswar, Feb. 24 -- The Economic Offenses Wing (EOW) of Odisha Police has arrested the prime accused in a money-doubling investment scam amounting to Rs 5 crore from the Khairatabad area in Hyderabad, Telangana, claimed the EOW in a press statement on Monday.

The accused, Dhanajaya Sahoo is a resident of Sharshada village under Bhandaripokhari police limits in Bhadrak District of Odisha.

The accused was nabbed by the cops from Hyderabad on February 21 and brought to Bhubaneswar on transit remand following permission granted by a local court at Nampally, Hyderabad.

He is scheduled to be produced before the designated court under the OPID Act at Cuttack on Monday. The money-doubling scam came to the fore after one of the victim inves...