The Cyber Crime unit of the Crime Branch has arrested two individuals, including a woman, in separate online investment fraud cases involving losses exceeding Rs2 crore.
The accused have been identified as Abhishek Chandel (39), a resident of Dehradun, and Jinali Jagadish Shah (32) from Maharashtra’s Thane district.
In the first case, cybercriminals allegedly cheated a man from Chandikhole of Rs73.56 lakh by luring him to invest in fraudulent online trading platforms with promises of high returns. Following a complaint lodged in September last year, the Crime Branch formed a special team that traced and arrested Chandel from Uttarakhand for his role in the scam.
In a separate incident, Shah was arrested from Thane for allegedly defrauding a Bhubaneswar resident of Rs1.4 crore. The victim was persuaded to invest in fake IPO and over-the-counter (OTC) trading platforms.
Both accused have been brought to Cuttack and produced before the court for further legal proceedings.
