Postmaster arrested for diverting deposits to chitfunds

A postmaster, who allegedly diverted deposits to a local chit fund company which closed down, was today arrested from a village in Odisha's Kendrapara district, police said.

Postmaster Suresh Kumar Kar allegedly diverted deposits made by people to the Golden Forest chitfund company which closed its office, they said.

Kar was arrested on a complaint filed by a depositor Nrusingha Charan Mohanty, whose deposit of Rs 1.70 lakh was swindled by the chitfund company.