Odisha Police Detain Individual from Telangana in Online Trading Scam Involving Rs 1.4 Crore
Click to start listening
Synopsis
The Crime Branch of Odisha Police has arrested another fraudster connected to an online trading scam that cost a Biju Janata Dal MLA Rs 1.4 crore. The suspect, Amanullah Khan, was detained in Hyderabad and has been remanded to judicial custody as the investigation continues.
Key Takeaways
- Crime Branch arrests Amanullah Khan in online trading fraud case.
- The fraud resulted in a loss of Rs 1.4 crore for a BJD MLA.
- Khan was apprehended in Hyderabad and brought to Odisha.
- Investigation reveals multiple accomplices and substantial transfers.
- Seized evidence includes mobile phones and financial documents.
Bhubaneswar, April 11 (NationPress) The Crime Branch of Odisha Police has apprehended another perpetrator linked to the online trading investment scam, which saw a Biju Janata Dal MLA and former minister lose Rs 1.4 crore to cybercriminals.
The 34-year-old suspect, identified as Amanullah Khan, was taken into custody in Hyderabad, Telangana, by Crime Branch officials.
Authorities subsequently transported Khan to Odisha under transit remand and presented him before a local court in Bhubaneswar on Friday.
The court subsequently remanded the accused to 14 days of judicial custody.
Sources from the Crime Branch disclosed that the cyber fraudsters transferred Rs 27 lakh of the Rs 1.4 crore total fraud amount into Khan's account.
It is notable that previously, seven individuals involved in this fraud case were detained by Crime Branch officials across various locations in Tamil Nadu and Karnataka last month.
The BJD legislator who became a victim of the cyber fraudsters filed a complaint at the Cyber Crime Police Station of the Crime Branch on January 13, 2025.
According to sources, the senior BJD leader connected with the fraudsters through a social media message a few months prior.
“The accused and their accomplices, masquerading as trade analysts, enticed the complainant with promises of substantial returns through investments in IPOs, shares, and OTC trading. Persuaded by their claims, he began trading and, between November 13, 2024, and January 1, 2025, transferred a total of Rs 1,40,00,000. Despite facing initial losses, the fraudsters persuaded him to invest further. However, when he sought to withdraw his funds, they demanded additional payments and refused to release his money,” explained a senior official from the Crime Branch.
The investigation team has confiscated various incriminating materials, including mobile phones, SIM cards, Aadhaar cards, PAN cards, bank passbooks, and debit cards from the accused fraudster's possession.
