Bhubaneswar, Feb. 17 -- A massive financial scam has come to light in Sambalpur leaving many investors duped of several lakhs and even crores of rupees. The fraudulent scheme, operated by a company named MCX, has affected not only locals but also Odia investors from various districts, states, and even countries outside India.

The scam was exposed when over 500 victims held a meeting in Sambalpur and filed a complaint at the Dhanupali police station.

The investors alleged that MCX had been promising high-interest returns for years but abruptly stopped payments in March 2024. Further, they claimed that the company initially offered attractive monthly interest rates, such as 5 per cent on Rs 10 lakh, 7 per cent on Rs 20 lakh, and 8 per cen...