Did Odisha Police Capture Two Suspects in a Rs 6 Crore Cyber Fraud?
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Synopsis
In a significant breakthrough, the Odisha Police have arrested two suspects from West Bengal linked to a massive Rs 6 crore investment fraud. This case highlights the rampant issues of cybercrime and investment scams affecting many individuals. Read on to uncover the intricate details of the investigation and the shocking revelations that ensued.
Key Takeaways
- Odisha Police arrested two suspects in a major fraud case.
- The fraud involved over Rs 6 crore under false investment schemes.
- Investigation revealed multiple bank accounts were used for transactions.
- Authorities seized important documents and electronic devices for further inquiry.
- Cybercrime awareness is crucial for safeguarding investments.
Bhubaneswar, May 5 (NationPress) - The Crime Branch of the Odisha Police has successfully apprehended two individuals, one of whom is a woman, from West Bengal in connection with an investment fraud exceeding Rs 6 crore.
The suspects have been named as Ashok Nanda (53), hailing from Siliguri in the Darjeeling District, and Jayarani Basak (38), a resident of the Khardah Police Station area in North 24 Parganas district.
According to the Odisha Police, following a complaint lodged by the victim at the Cyber Crime Police Station of the Crime Branch in Cuttack on January 13, 2024, an investigation was initiated to apprehend the alleged cyber criminals.
The victim reported losses of Rs 6 crore over a span of three and a half months, under the guise of investment opportunities in IPO and OTC trading.
“The investigation revealed that the complainant had transferred a total of Rs 6,04,53,000 into 22 different bank accounts from his own and associates’ eight bank accounts, as detailed in their respective bank statements,” stated the Crime Branch.
An official revealed that after a thorough analysis of the financial trail, Ashok was arrested on May 1 in Siliguri and was presented before a local magistrate for transit remand.
It was noted that the complainant had directly deposited Rs 1.11 crore into Ashok's bank account, with Ashok being known for running a hotel business in Siliguri.
Authorities also seized Ashok’s mobile phone, SIM card, Aadhar card, and PAN card for further investigation.
On May 4, Jayarani was arrested, with Rs 6 lakhs transferred from Ashok's account to hers.
Point of View
It's crucial to emphasize the need for vigilance against cyber fraud. This case serves as a stark reminder of the risks associated with investment opportunities that seem too good to be true. With increasing cybercrimes, it is essential for individuals to conduct thorough research and seek expert advice before investing their hard-earned money.
NationPress
20/06/2025
Frequently Asked Questions
What was the amount involved in the cyber fraud?
The cyber fraud involved an amount exceeding Rs 6 crore.
Where were the suspects arrested?
The suspects were arrested in West Bengal.
How did the investigation begin?
The investigation began after a complaint was lodged by the victim at the Crime Branch's Cyber Crime Police Station.
What was the nature of the fraud?
The fraud was presented under the pretext of investments in IPO and OTC trading.
What actions did the police take during the investigation?
The police conducted a thorough analysis of the financial transactions and seized critical evidence from the suspects.
