Archive · 2 Feb 2026
Three Arrested for Rs 2 Crore Online Trading Fraud
Three people in Odisha, India, were arrested for tricking many investors.
They promised big profits if people invested in their online trading companies.
The investors, including a man named Sasadhar Mitra, gave them a lot of money.
But after getting the money, the fraudsters closed their websites and ran away without giving any returns.
The police found out that the fraudsters had also held meetings in different places to attract more investors.
The total amount they stole was over Rs 2 crore.
Three fraudsters arrested for duping investors of over Rs 2 crore in online trading fraud.
Accused promised high returns and quick refunds to lure investors into schemes by BITOX and associate entities.
Victims, including Sasadhar Mitra, invested a total exceeding Rs 1.28 crore.
Fraudsters closed company websites and fled after collecting investments.
Police found promotional meetings were held in Bhubaneswar, Cuttack, and other states to attract investors.
- Who
- Three fraudsters: Bikram Keshari Sahoo, Dinesh Moharana, Sarbanam Sabat
- What
- Duped investors of over Rs 2 crore through online trading fraud
- When
- During 2023, with arrests made on Friday
- Where
- Bhubaneswar and Cuttack, Odisha, and other states
- Why
- To induce investors with promises of high returns on online trading schemes
- Accused
- Bikram Keshari Sahoo, Dinesh Moharana, Sarbanam Sabat
- Victims
- Sasadhar Mitra, Jayanti Panigrahi, Sukhmay Das
- Companies Involved
- BITOX, AEXN Global, Cars Corner, Eclat Coin
- Amount Duped
- Rs 2 crore
- Investigation Agency
- Economic Offences Wing (EOW) of Odisha Police