India, Jan. 30 -- Berhampur police on Wednesday arrested as many as nine persons for allegedly duping more than 150 investors of Rs 4 crore after luring them into an online trading scam.

As per the allegations, the fraudsters amassed Rs 4 crore from over 150 investors from Khaja Sahi and the surrounding areas of Berhampur after promising to double their money in a short period through online trading.

The matter came to light when some affected youths in the area abducted one of the scammers after the alleged fraudster failed to return the money. Upon receiving information, the Town Police rescued the abducted individual from Digapahandi and arrested three suspects.

Not long after the arrest, reports of a dispute arose between two group...