Archive · 27 Nov 2025
Odisha Police Arrest Man for Rs 50-Crore Fraud
A man named Madhusudan Baral was arrested in Odisha for cheating people out of a lot of money.
He promised to give them high returns on their investments, but he didn't.
The police found out that he collected around Rs 50 crore from 48 people.
They also found that he received most of the money in cash.
The police have taken his phone, computers, and some documents to investigate further.
Madhusudan Baral (36) arrested for Rs 50-crore investment fraud in Odisha.
48 investors duped with promises of high returns.
Baral collected money through cheques, cash, and online transactions.
Police seized a mobile phone, six computers, and documents.
Further investigation is underway to trace the remaining funds.
- Who
- Madhusudan Baral (36)
- What
- Investment fraud
- When
- November 27, 2023
- Where
- Sambalpur, Odisha
- Why
- Promised high returns on investments
- Accused Name
- Madhusudan Baral
- Age
- 36
- Hometown
- Khetarajpur, Sambalpur
- Amount Fraud
- Rs 50 crore
- Investors
- 48
- Seized Items
- 1 mobile, 6 computers, documents