Bhubaneswar: CBI arrested executive director of Nirmal chit fund company Niranjan Saxsena from Bhopal in Madhya Pradesh.

Saksena and his firm are accused of looting Rs 100 crore in Odisha.

Meanwhile, CBI is bringing Saxena on transit remand after his arrest.

Earlier, the Central investigating agency had arrested the CMD Ashish Chouhan and general manager Abhisekh Chouhan of the ponzi firm on March 7 this year in Bhubaneswar.