Kidnapping of Odisha Trader: Investors Take Matters into Their Own Hands

Investors Kidnap Trader Over Unpaid Debts

Bhubaneswar: Authorities reported that a stock market trader from Cuttack, Odisha, was kidnapped by a group of investors after he defaulted on repaying their funds.

The trader, identified as Soumya Ranjan Behera, aged 31, was successfully rescued from Kendrapara town following a 12-hour operation. Police have apprehended all seven individuals involved in the kidnapping.

According to Police Commissioner S Dev Datta Singh, Soumya had been engaged in share trading from 2019 to 2022 and operated an office in Kharvelnagar.

Many individuals had invested their money through him, attracted by promises of quick and substantial returns.

However, a sudden downturn in the stock market led to significant financial losses for Soumya, rendering him unable to repay his investors.

Singh confirmed that no fraudulent activities have been identified in his trading operations.

The arrested individuals hail from Kendrapara district, and authorities have seized a vehicle and four motorcycles from them.