Bhubaneswar, May 8 -- The Odisha Crime Branch has arrested two fraudsters in separate cases for defrauding innocent investors of crores of rupees through fake online investment and stock market schemes, promising to make them millionaires.
According to Crime Branch sources, on October 4, 2023, a 50-year-old man from the Purighat police station area in Cuttack district was duped after being lured into investing in the stock market.
The accused had added him to a WhatsApp group named "C-51 ICICI Securities Official Stock" and persuaded him to invest through a fake app.
Initially, the cybercriminals returned small profits to gain his trust. Encouraged by these returns, the victim invested a significant amount.
Later, the fraudsters coerced...