Archive · 4 Aug 2025
CBI Arrests Bengaluru Chit Fund Director in Odisha Fraud Case
Imagine a company that took money from many people, promising to invest it.
However, this company did not use the money wisely and many investors lost their funds.
The director of this company was arrested by the CBI.
This director had been hiding from the police since 2018.
The arrest took place in Tamil Nadu.
CBI arrested a Bengaluru-based chit fund firm director.
The arrest occurred in connection with an Odisha fraud case.
The director, Sivakumar Gangadharan, allegedly duped numerous investors.
He was arrested in Karur, Tamil Nadu.
Gangadharan had been evading authorities since 2018.
- Who
- The CBI arrested Sivakumar Gangadharan, a director of a Bengaluru-based chit fund firm.
- What
- CBI arrested a Bengaluru-based chit fund director for allegedly duping investors.
- When
- The arrest occurred recently.
- Where
- The director was arrested in Karur, Tamil Nadu.
- Why
- Gangadharan is accused of defrauding investors in Odisha.
- Suspect
- Sivakumar Gangadharan alias G. Sivakumar
- Charge
- Duping investors
- Location of Arrest
- Karur, Tamil Nadu
- Previous Status
- Dodging police since 2018
- Alleged Victims
- Hundreds of investors
- Affected Areas
- Odisha's Ganjam and Gajapati districts