Cyber Fraud Crackdown: Arrests in Multi-Crore Scam
Odisha police arrested two individuals in Kolkata in connection with two cyber fraud cases worth over Rs 8 crore. The accused are said to have convinced victims to invest in stocks and IPOs through fake apps. Investigations are ongoing to uncover further accomplices and financial trails.
Devdiscourse News Desk | Bhubaneswar | Updated: 08-05-2025 19:21 IST | Created: 08-05-2025 19:21 IST
- Country:
- India
In an effort to combat cyber crime, Odisha police have apprehended two individuals from Kolkata, implicated in cyber fraud cases totaling over Rs 8 crore.
The arrests were made following a complaint by a 50-year-old victim who was tricked into investing in fraudulent stocks and IPOs. Initially drawn in by small profits, he later discovered a substantial loss of Rs 2.36 crore.
The law enforcement also detained another suspect linked to a Rs 6 crore fraud that deceived a doctor in Bhubaneswar. Multiple bank accounts of the fraudsters have been frozen as investigations continue.
(With inputs from agencies.)
- READ MORE ON:
- Odisha police
- cyber fraud
- arrests
- Kolkata
- Rs 8 crore
- fake apps
- Crime Branch
- stocks
- IPOs
- investigation
Advertisement
Google News