Archive · 30 Jan 2026
Odisha Police Arrest Three in Rs 2 Crore Online Trading Fraud
The Odisha Police have arrested three people for tricking many investors out of over Rs 2 crore.
They promised big profits from online trading but ran away with the money instead.
The accused held meetings in different places to convince people to invest.
The police found that the fraudsters collected money in their personal accounts and company accounts.
The victims included people from Odisha, Himachal Pradesh, West Bengal, and Andhra Pradesh.
The police are investigating how much money was stolen and who else might be involved.
Three accused arrested for duping investors in online trading fraud.
Victims were promised high returns and assured refunds within three months.
Accused collected over Rs 2 crore from investors, including Sasadhar Mitra, Jayanti Panigrahi, and Sukhmay Das.
Fraudsters used personal and company bank accounts to collect deposits.
Accused conducted promotional meetings in Odisha, Himachal Pradesh, West Bengal, and Andhra Pradesh.
- Who
- Three accused: Bikram Keshari Sahoo, Dinesh Moharana, Sarbanam Sabat
- What
- Arrested for duping investors in online trading fraud
- When
- Arrests made on Friday, case registered during 2023
- Where
- Bhubaneswar, Odisha
- Why
- Accused promised high returns and fled with investors' money
- Accused Names
- Bikram Keshari Sahoo, Dinesh Moharana, Sarbanam Sabat
- Victims
- Sasadhar Mitra, Jayanti Panigrahi, Sukhmay Das
- Companies Involved
- BITOX, AEXN Global, Cars Corner, Eclat Coin, LIDONA, B K Constructions and Consultancy Pvt. Ltd.
- Banks Used
- Axis Bank, HDFC Bank, State Bank of India
- Total Amount Fraud
- Rs 2 crore