CBI arrests absconding accused in chit fund case

The CBI invoked provisions of the earlier Indian Penal Code and the Prohibition of Price and Money Laundering Schemes Act. A non-bailable warrant was issued against the accused on 5 August 2024. File. | Photo credit: Special arrangement

The Central Bureau of Investigation (CBI) has arrested one accused, the then owner of M/s DNB Food Processing Private Limited, in the alleged chit fund embezzlement case.

Accused Debabrata Dutta along with others allegedly embezzled funds to the tune of ₹17.22 crore and is absconding as of 22 December 2022.

According to the CBI, funds were illegally collected from gullible depositors. “The accused was on the run and did not cooperate with the investigation. He was declared a fugitive in the indictment filed on December 26, 2022,” the agency said.

The CBI invoked provisions of the earlier Indian Penal Code and the Prohibition of Price and Money Laundering Schemes Act. A non-bailable warrant was issued against the accused on 5 August 2024.

He was traced to Siliguri in West Bengal and arrested on 28 August. “He is remanded in transit custody from Siliguri and will be produced before the competent court in Bhubaneswar,” the CBI said.

Published – 30 Aug 2026 22:16 IST