In a major crackdown on cybercrime, the Jajpur Police have uncovered a large-scale financial fraud exceeding Rs75 lakh, with investigations suggesting the scam could be even more extensive.
The accused, Debashish Rout of the Makeipur area, was arrested by Jajpur Town Police on Thursday and later produced before a court.
Addressing a press conference at the district police headquarters, Superintendent of Police Yashpratap Shrimal stated that Rout was allegedly operating a sophisticated cyber fraud and illegal financial transaction network.
According to police findings, the accused was running an unlawful crypto-mining and crypto-jacking racket, siphoning off significant funds without any legitimate source of income. Officials further revealed that he deliberately evaded income tax obligations while carrying out fraudulent financial activities.
Investigators discovered that Rout allegedly opened multiple bank accounts using the identities of unsuspecting individuals. These accounts were reportedly used to route illicit funds, conduct layering of transactions, and facilitate money laundering operations aimed at concealing the source of the proceeds.
Authorities suspect that the scale of the financial transactions linked to the racket may far exceed the initial estimate of Rs75 lakh. Police are currently examining digital devices, bank records, and possible interstate connections to determine the full scope of the operation.
SP Shrimal confirmed that further investigation is underway to identify additional accomplices, beneficiaries, and the total proceeds generated through the illegal activities.
The arrest marks a significant step in the district’s intensified efforts to combat cybercrime and financial fraud.
