Archive · 14 Sep 2026
Odisha Couple Arrested Over Alleged ₹1.5 Crore Investment Fraud
Police in Odisha arrested a husband and wife accused of running an investment scam.
The couple allegedly promised people that their money would double quickly.
Police say they used an organisation called My Digital Locker to attract investors.
One complainant, Prashant Nayak, said he invested more than ₹1.26 crore.
He later believed he had been cheated and reported the matter.
Cyber police investigated the complaint and arrested the couple in Balasore.
They also froze the website and bank accounts connected to the investments.
The accused were taken to court, and the allegations will be addressed through the legal process.
Cyber police arrested Avinash Grahacharya and Indulekha Ojha in Balasore over an alleged investment fraud.
Police allege the couple operated an organisation called My Digital Locker and promised investors their money would double.
Prashant Nayak allegedly invested ₹1,26,34,000 before realising he had been cheated and filing a complaint.
A case was registered under Sections 318(2), 318(4) and 3(5) of the Bharatiya Nyaya Sanhita.
Police said they froze the associated website and bank accounts, and produced the accused before a court.
- Who
- Avinash Grahacharya and his wife, Indulekha Ojha, were arrested; Prashant Nayak filed the complaint.
- What
- The couple was arrested over an alleged investment fraud involving approximately ₹1.5 crore.
- When
- The article does not specify when the alleged scheme began or when the arrests occurred.
- Where
- The arrests took place in Balasore, Odisha; the complaint was filed with cyber police.
- Why
- Police allege the couple attracted investments by promising high returns and that investments would double within a specified period.
- Alleged loss
- Around ₹1.5 crore
- Accused
- Avinash Grahacharya and Indulekha Ojha
- Reported investment
- ₹1,26,34,000 by Prashant Nayak
- Organisation named
- My Digital Locker
- Police action
- The associated website and bank accounts were frozen
- Charges
- Sections 318(2), 318(4) and 3(5) of the Bharatiya Nyaya Sanhita
- Legal status
- The accused were produced before a court