Odisha Police’s Crime Branch has arrested 34-year-old Amanullah Khan from Hyderabad in connection with a major online trading fraud involving Rs 1.4 crore.
The case revolves around a Biju Janata Dal (BJD) MLA who was deceived by cybercriminals posing as trade analysts on social media, promising lucrative returns through investments in IPOs, shares, and OTC trading.
Khan was brought to Odisha on transit remand and presented before the local court in Bhubaneswar, where he was placed under judicial custody for 14 days. Investigations revealed that Rs 27 lakh of the defrauded amount was transferred to Khan’s bank account.
Prior to Khan’s arrest, seven other suspects linked to the scam were apprehended in Tamil Nadu and Karnataka, marking a significant breakthrough in the probe. Police seized mobile phones, Aadhaar cards, bank passbooks, and other incriminating evidence from Khan’s possession.
The MLA had lodged a complaint with the Cyber Crime Police Station on January 13 after losing Rs 1.4 crore to the fraudsters, who lured him with fake promises of profit through online trading.
