Bhubaneswar, Nov. 27 -- A massive fraud in the name of share market trading has been exposed in Sambalpur on Thursday. According to police sources, suspicious transactions amounting to Rs 20 crore have been detected. Police have arrested one person in connection with the case.

As per sources, the accused had allegedly collected money from as many as 47 people, luring them with the promise of a 10% monthly return on investment. The youth, a resident of Sambalpur, had rented a house and was operating an office from there.

Following a raid, police reportedly seized five computers, hard disks, a printer, and several important documents. An investigation is underway to identify others involved in the scam.

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