Cuttack: In a major success in the drive against cyber fraudsters, the Odisha Crime Branch has arrested two persons, including a woman, in separate cases of online investment fraud amounting to over Rs two crores.
The accused have been identified as Abhishek Chandel (39) of Dehradun and Jinali Jagadish Shah (32) of Thane district in Maharashtra. The two were arrested following thorough investigation by the Cyber Crime unit of the Crime Branch.
In the first case, cyber fraudsters allegedly duped the victim from Chandikhole of over Rs 73.56 lakh by inducing him to invest in fake online trading platforms, promising high returns, TNIE reported.
The victim had lodged a complaint in September last year. A police team was formed and Chandel was arrested from Uttarakhand for involvement in the fraud.
In the other case, Shah was arrested from Thane in connection with cheating a person from Bhubaneswar to the tune of `1.4 crore by coaxing him to invest in fake IPO and OTC trading platforms. Both the accused have been brought to Cuttack for being produced in court.
