Finance company chief held for fraud

  |   28 October, 2014   |   766   |   3980

Cuttack/Bhubaneswar, Oct. 27: State crime branch today arrested Khirod Chandra Mallick, managing director of Credible Micro-finance Limited, for allegedly duping depositors of over Rs 5 crore.



Mallick also happens to be the brother of the former minister and ruling BJD MLA Pramila Mallick.



Incidentally, Khirod was partly responsible for Pramila losing her ministerial job in the wake of the dal scam in 2011. Pramila, who was the then women and child development minister, had included her brother in the 20-member state-level mid-day meal monitoring committee.



Speaking to reporters, additional director-general of police (crime branch) B.K. Sharma said: “Khirod Chandra Mallick was arrested from Sambalpur today and would shortly be brought to the economic offence wing office in Bhubaneswar for further interrogation.”