Archive · 24 Jul 2025
Rs 20 Crore Gold Investment Scam Leads to Arrest in Odisha
Ramesh Majhi was arrested for a big scam involving gold.
He told people he could get them gold at cheap prices from bank auctions.
People gave him a lot of money, hoping to make a profit, but he never gave them any gold or returned their money.
When people asked for their money back, he threatened them.
Majhi's family says he didn't do it and that someone else is to blame, but the police are investigating.
Ramesh Majhi arrested for orchestrating a gold investment scam, defrauding over Rs 20 crore.
Majhi lured victims with promises of discounted gold from bank auctions.
Victims entrusted Majhi with large sums, but he failed to deliver gold or return investments.
Majhi allegedly used intimidation and threats when investors demanded refunds.
Majhi's family claims he is being framed, implicating a local builder.
- Who
- Ramesh Majhi and multiple businessmen who were victims.
- What
- Ramesh Majhi was arrested for orchestrating a gold investment scam.
- When
- The arrest happened recently.
- Where
- Bhubaneswar, Odisha.
- Why
- Majhi defrauded investors by promising access to discounted gold and failing to deliver.
Victims' View
Majhi's Family's View
Blame
Victims' View
Majhi is the perpetrator of the scam.
Majhi's Family's View
Majhi is being framed by others.
- Suspect
- Ramesh Majhi
- Alleged Crime
- Gold Investment Scam
- Amount Defrauded
- Over Rs 20 crore
- Location of Arrest
- Bhubaneswar, Odisha
- Victims
- Over 20 businessmen