BJP youth leader arrested for running Ponzi scheme in Odisha
Boudh: A youth leader of Bharatiya Janata Party was today arrested from Odisha’s Boudh district for allegedly collecting money from investors promising high returns.
Bharatiya Janata Yuva Morcha (BJYM) Boudh President Narayan Karmi has been arrested by Manamunda police today, sources said.
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Karmi allegedly collected money from investors assuring them to double their invested money in three years.
The dubious company – Go Life Trading Pvt Ltd – has raised money through high-return schemes from gullible investors.
This has come at a time when most of the top executives of chit fund firms operating in the state have been arrested and prosecuted for duping investors.
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