The Odisha Crime Branch has apprehended three individuals implicated in two separate online trading scams, collectively defrauding investors of over Rs 7.08 crore. One arrest was made in Karnataka, linked to a Rs 1.03 crore fraud, while two others were apprehended in Maharashtra for their involvement in a scheme that swindled over Rs 6.04 crore. The investigations began following complaints from citizens who were lured into investing in IPO and OTC trading with promises of high returns. After initial losses, victims were persuaded to invest more. When they attempted withdrawals, additional funds were demanded, and their initial investments were withheld. The Crime Branch, utilizing transaction details and digital evidence, conducted raids in Bengaluru, arresting Ganesh K Setty. Subsequent investigations in Mumbai and Pune led to the arrest of Swapnil Goraksha Dhokale and Azaz Shafiq Shaikh. All three are now in custody and facing charges including cheating, forgery, and offenses under the IT Act 2000. Previously, three other suspects were arrested in West Bengal in connection to the same cases. Authorities urge the public to exercise caution regarding unsolicited investment offers and to report any suspicious activity.
