17 hrs ago
Couple arrested over alleged Rs 1.26 crore investment fraud
Police have arrested a husband and wife in connection with an alleged investment scam.
The couple reportedly promised people very high returns on their money.
One investor said they lost Rs 1.26 crore.
Police say the couple had created a company for the schemes.
They also opened offices in different places, including Bhubaneswar.
The couple were arrested in Baripada.
A case was filed in April after a complaint from a person in Sundaragada.
Police are investigating whether other people were involved.
Police arrested a man and his wife from Baripada for allegedly defrauding an investor of Rs 1.26 crore.
The couple, both in their early 40s, are from Baleshwar district.
They allegedly formed a company and opened offices in several places, including Bhubaneswar.
Police said the couple attracted investors through schemes promising unusually high returns.
A case was registered in April following a complaint from a Sundaragada resident, and further investigation is continuing.
- Who
- A man and his wife, both in their early 40s, were arrested by Cybercrime & Economic Offence police officers.
- What
- They were arrested for allegedly duping an investor of Rs 1.26 crore through investment schemes promising high returns.
- Where
- The couple were arrested in Baripada, Mayurbhanj district; the complaint was lodged in Sundaragada.
- When
- The case was registered in April; the article does not specify the arrest date.
- Why
- Police allege that the couple used a company and false promises of high returns to attract investors.
Key facts
- Alleged loss
- Rs 1.26 crore
- Arrested
- A husband and wife, both in their early 40s
- Arrest location
- Baripada, Mayurbhanj district
- Investigation unit
- Cybercrime & Economic Offence police station, Sundaragada
- Complaint
- Filed by an investor from Sundaragada
- Case status
- Further investigation is underway to identify any other accused
- Alleged method
- Investment schemes offering false promises of high returns
Quotes
Police
Police officials investigating the alleged cyber fraud
“We have registered a case against the couple in April this year on the basis of a complaint lodged by a victim of Sundaragada.”
thehansindia.com
Sources
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