Jajpur: In a major crackdown on cybercrime and financial fraud, the Jajpur police have unearthed a large-scale financial scam operating in the district and beyond, with preliminary investigations indicating fraud exceeding ₹75 lakh. The accused, Debashish Rout of Makeipur area, was arrested by Jajpur Town police on Thursday and later remanded to court.
Addressing a press conference at the Jajpur police station premises, Superintendent of Police Yashpratap Shrimal revealed that the accused was actively involved in widespread cyber fraud and illegal financial transactions.
According to the police, Debashish Rout was allegedly running an illegal crypto-mining and crypto-jacking racket, through which substantial amounts of money were siphoned off without any legitimate source of income.
The investigation has further disclosed that the accused deliberately evaded income tax liabilities while engaging in extensive fraudulent financial dealings. Police officials stated that he fraudulently opened multiple bank accounts in the names of innocent individuals. These accounts were allegedly used to channel illegal funds, carry out money layering operations, and facilitate money laundering activities to conceal the origins of the proceeds of crime.
The police suspect that the financial transactions linked to the racket may be far more extensive than initially estimated. Authorities are now examining digital evidence, bank transaction records, and potential interstate links to determine the full scale of the fraud.
SP Shrimal stated that further investigation is underway to uncover the entire network, identify other accomplices and beneficiaries involved in the operation, and ascertain the total amount of fraud and proceeds generated through the illegal activities.
The arrest is being seen as a significant step in the district police’s ongoing efforts to curb cybercrime and financial fraud in the region.
