Bhubaneswar, July 26: The CBI today arrested the managing director and the director of money deposit collection company Midas Touch, which allegedly swindled crores of rupees from investors across the state.

Managing director Soubhagya Samal and director Nirupama Samal had been absconding since 2013 after police registered complaints against the Ponzi firm.

A CBI official said the duo were arrested from Vadodara in Gujarat. "The accused will be produced in court in Gujarat and brought on transit remand for further investigation," he said.

Sources said Soubhagya Samal set up the company in 2009. The firm has branches in Chhattisgarh, Andhra Pradesh, Gujarat, Assam, Karnataka and Maharashtra.

The company has its branch offices in eight places in Odisha, including Balasore, Bhubaneswar, Sambalpur, Jeypore, Baripada and Berhampur. The firm has allegedly duped investors across the state of Rs 100 crore.

Two retail outlets of the group used to operate from Bhubaneswar under the brand of MTG Mart.

The CBI had raided the corporate office of the company at Madhusudan Nagar and two of the company's branch offices at Saheed Nagar and Nayapalli in August 2014.

In Surat, investors duped by Oscar Group, today staged a demonstration outside the Odisha Bhavan in New Delhi, demanding intervention of the central government for refund of their deposits.