Debajit Tripathy, a resident of Bargarh’s VSS Nagar, has been arrested by the Malkangiri police in connection with a major share market trading scam involving a sum of Rs80 lakh. The arrest came after a formal complaint was lodged by Jitendra Patra, a resident of Talsahi village in Malkangiri district.
Patra’s complaint, filed on September 4, 2017, revealed that Tripathy had approached him in 2017, claiming to represent a newly established “Commodity Trading” firm in Malkangiri. Tripathy promised a 20% return on investments within just three months.
Convinced by these claims, Patra made an initial investment, and as promised, received the 20% return after three months. Encouraged by the apparent success, Patra continued to invest larger amounts, ultimately totaling Rs80 lakh across several accounts.
However, after the next three-month period, Patra did not receive the expected returns, and all attempts to contact Tripathy were unsuccessful. When it became clear that he had disappeared from Malkangiri, Patra filed a formal complaint with the local police.
Following a detailed investigation, the Malkangiri police tracked Tripathy to Tezpur village in Assam’s Sonitpur district, where he was arrested. According to police sources, five separate cases have now been filed against Tripathy at the Malkangiri police station, and authorities confirmed that further investigations are ongoing.
This arrest highlights the growing concern over fraudulent investment schemes and serves as a critical reminder to the public to be cautious when making financial decisions, especially when promises of high returns are involved.
