The Crime Branch of Odisha Police has arrested four persons in connection with two separate cases of cyber fraud amounting to more than Rs 1.7 crore.
In the first case, three men were taken into custody for allegedly duping an individual of Rs 1.45 crore through an online investment racket.
According to officials, the victim was lured into investing in online trading with promises of lucrative returns. He deposited Rs 1,45,85,000 in several bank accounts shared by the fraudsters, but was later denied access to his funds.
Acting on his complaint, a Crime Branch team led by Inspector Amitav Das nabbed Deepak Kumar Dash (33) of Khordha, Chandan Kumar Sahu (33) of Balasore, and Ramahari Sahu (46) of Ganjam. The trio, all highly qualified with degrees in pharmacy and engineering, was found in possession of mobile phones, SIM cards, debit cards, and cheque books.
They were booked under multiple IPC sections, including cheating and forgery, along with provisions of the IT Act, and produced before the JMFC-III Court in Cuttack.
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In another case, the Crime Branch arrested Ashish Kumar Yadav (30) of Noida, Uttar Pradesh, for allegedly swindling an Odisha resident of over Rs 25 lakh by offering false assurances of securing an EV scooter dealership. Following a probe led by Inspector Abantimani Nayak, Yadav was arrested and incriminating items, including laptops, phones, and documents, were seized.
Yadav, a B.Tech graduate, faces similar charges under the IPC and IT Act. He, too, was produced before the JMFC-III Court in Cuttack.