BHUBANESWAR: On Thursday, local police apprehended three individuals involved in a cyber fraud scheme that defrauded a man of Rs 70 lakh. The fraudsters enticed the victim to invest in the stock market with promises of substantial returns. The arrested suspects, identified as Rakesh Swain (18), Babul Swain (19), and Mithun Biswal (21), hail from Nayagarh district and were employed as masons and laborers.
The victim, Satyaranjan Satapathy, filed a complaint on March 26, explaining that he worked as a data entry operator and sought additional income through a part-time job. He received a WhatsApp link that led him to a Telegram group, where the fraudsters initially instructed him to rate businesses on Google for quick earnings. This seemingly harmless task was a precursor to their real scheme.
Eventually, the fraudsters persuaded Satapathy to invest in stocks and cryptocurrencies, claiming he would see high returns. He transferred money via a unified payments interface on March 20, only to discover later that he had been scammed.
Investigations revealed that Rs 50,000 of the stolen funds was sent to Rakesh’s bank account, while Babul and Mithun were found to be responsible for gathering mule bank accounts for the fraud operation, which primarily targets victims in southern and western states. Police seized three mobile phones and an ATM card from the suspects.
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