Archive · 29 Nov 2025
Man arrested for Rs 50 crore investment fraud
A man named Madhusudan Barai was arrested in Odisha for tricking many people out of their money.
He promised them big returns on their investments, but instead, he took around Rs 50 crore from them.
The police found out that he received most of the money in cash.
They have seized his phone, computers, and some documents.
The police are still investigating to find out more about what he did with the money.
This happened in the Sambalpur district of Odisha.
Madhusudan Barai (36) arrested for allegedly duping investors of Rs 50 crore.
Barai promised high returns on investments and collected money through cheques, cash, and online modes.
Police seized a mobile phone, six computers, and other documents from the accused.
Preliminary investigation revealed transactions of Rs 20 crore, with further investigation ongoing.
The case was registered at Sambalpur Sadar police station following a complaint by an investor.
- Who
- Madhusudan Barai (36), a resident of Khetarajpur, Sambalpur, Odisha
- What
- Arrested for allegedly duping investors of Rs 50 crore
- When
- Thursday (specific date not mentioned)
- Where
- Sambalpur, Odisha
- Why
- Promised high returns on investments, collected money through cheques, cash, and online modes
- Accused Name
- Madhusudan Barai
- Age
- 36
- Hometown
- Khetarajpur, Sambalpur, Odisha
- Amount Duped
- Rs 50 crore
- Investigation Status
- Ongoing
- Items Seized
- 1 mobile phone, 6 computers, documents