Bhubaneswar: The cyber police have cracked down on a gang of fraudsters involved in an online investment scam, arresting three individuals and seizing incriminating materials. The accused, Deepak Kumar Dash, Chandan Kumar Sahu, and Ramahari Sahu, were arrested from Bhubaneswar, Balasore, and Berhampur.
The scam involved luring a victim with promises of high returns on investments in digital currency, IPOs, and stocks. The victim was persuaded to transfer Rs 1.45 crore, but when he attempted to withdraw the funds, the fraudsters demanded additional money and refused to release his funds. Realising it was a scam, the victim lodged an FIR.
The investigating team, led by Inspector Amitav Das, analysed transaction details and digital evidence, leading to the identification and arrest of the perpetrators. The accused were found to be using mobile phones, SIMs, debit cards, and cheque books to carry out their illicit activities.
The accused were forwarded to the court of JMFC-III (Cognisance Taking), Cuttack, under various sections of the IPC and IT Act. The case is currently under investigation, and the police are working to uncover the entire network of the cybercrime gang.
