The Central Office for Investigation (CBI) on Sunday arrested in Karur G. Sivakumar, renowned by the perpetrator in the fraud Chit Fund.
The accused, director of Rightmax Technotrade International Ltd., has avoided arrest since 2018. The case originally registered in 2014 included accusations of fraud, criminal conspiracy and violations of the Act on Price and Act on Money (Banning) of 1978.
After being declared a renowned perpetrator in 2019, Sivakumar was traced in Karur. The CBI team of Bhubaneswar arrested him in Karur on Sunday and made him before the special main court court, which returned him to his judicial custody by August 18, the CBI press release said.
Published – 4th August 2025 20:40 is
