Odisha Police Nab Two in Major Cyber Fraud Scheme Involving ₹8 Crore

Major Arrests in Cyber Fraud Cases

Bhubaneswar: On Thursday, Odisha law enforcement announced the apprehension of two individuals from Kolkata linked to cyber fraud schemes exceeding ₹8 crore.

Authorities confiscated mobile devices, SIM cards, Aadhaar cards, and various other items from the suspects.

The Crime Branch had previously detained one suspect on May 6 in relation to a ₹2.36 crore cyber fraud case, with another suspect already captured in Hyderabad.

These arrests stemmed from a formal complaint filed by a 50-year-old man, according to a statement from the Crime Branch.

The victim was misled into investing in stocks and IPOs through fraudulent applications. Initially, he received minor returns, which built his trust.

Eventually, he discovered he had been swindled out of ₹2.36 crore by the scammers.

Additionally, on May 5, another suspect was arrested in connection with a separate ₹6 crore cyber fraud case.

Previously, two other suspects were taken into custody in Siliguri and Kolkata.

These fraudsters posed as trade analysts, deceiving a doctor in Bhubaneswar out of approximately ₹6 crore.

The victim transferred funds into 22 accounts across eight banks over a span of 3.5 months.

The Crime Branch has already frozen multiple accounts linked to the fraudsters.

Investigations into both cases are ongoing, with officials committed to uncovering additional accomplices and tracing the financial pathways involved.