Bhubaneswar, July 9(OT Webdesk): In a major crackdown on organised cybercrime, the Odisha Crime Branch has busted a Rs 9 crore investment fraud by arresting two key accused from Punjab.
The scam targeted unsuspecting individuals with promises of high returns through fake IPO and Over-The-Counter (OTC) trading platforms.
Investigations began following complaints under CID CB Cyber Crime PS Case Nos. 60/2024 and 13/2025. Spearheaded by Inspector Namita Kumari Sahu, the team used digital forensics to trace the fraud trail across state lines.
Two individuals—Amrit Pal from Sangrur and Pardeep Soni from Ludhiana—were taken into custody and brought to Odisha on transit remand.
The accused allegedly manipulated victims into making successive investments, later refusing withdrawals and demanding further payments under false pretences.
One individual reportedly lost Rs 7.5 crore, while another was defrauded of Rs 1.55 crore.
Charges have been filed under multiple sections of the Bharatiya Nyaya Sanhita, 2023, and the IT Act, 2000. The CID Cyber Crime Branch has urged citizens to remain vigilant against unsolicited investment offers, especially via social media platforms.
Victims are encouraged to report such incidents by dialling the 1930 cyber helpline or contacting their nearest police station.
