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CA of Vista Ltd Arrested

A chartered accountant (CA) of Vista Management Services Private Ltd was arrested by the Crime Branch here on May 25.

Published: 26th May 2015 06:04 AM  |   Last Updated: 26th May 2015 07:52 AM   |  A+A-

BHUBANESWAR: A chartered accountant (CA) of Vista Management Services Private Ltd was arrested by the Crime Branch here on Monday.

Deba Prasad Mishra, the CA, is accused of swindling at least Rs 60 lakh from the ponzi firm, SP of Economic Offences Wing (EOW) Rajendra Patnaik said. The investigating agency trailed the funds being transferred into Mishra’s personal accounts.

He had allegedly taken the funds for payment of taxes on different heads but instead parked them in his accounts. Mishra later produced fake receipts to show the remittances.

Mishra was looking after the commodity and share market investment of Vista. He was a key aide of Deba Kumar Panda, Managing Director of the firm.

Earlier, the Crime Branch had arrested three executives of the firm, including Panda and two directors, Manoj Patnaik and Bijay Swain. The firm is believed to have mobilised close to Rs 50 crore from the depositors.



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