Home » Prasana Behera and Rahul Pradhan Arrested for Renting Bank Accounts in Investment Scam

Prasana Behera and Rahul Pradhan Arrested for Renting Bank Accounts in Investment Scam

Bhubaneswar duo rented accounts for cyber fraud worth Rs 1.34 crore

by Ananya Mehta

The Cyber Crime and Economic Offences Wing of Bhubaneswar Police arrested two men, Prasana Behera (44) from Bhubaneswar and Rahul Pradhan (24) from Cuttack, for renting out their bank accounts to cyber fraudsters. The suspects willingly allowed scammers to use their accounts for illegal financial transactions in exchange for a 2% commission.

The scam came to light after Milan Kumar Beura of Bhubaneswar reported losing Rs 12 lakh in a fake investment scheme promising a 7% monthly return. Police investigations revealed that the cybercriminal network had procured over 100 bank accounts from individuals across 11 states and union territories, including Odisha, Delhi, Maharashtra, Uttar Pradesh, West Bengal, Telangana, Bihar, Chandigarh, Jammu & Kashmir, and Karnataka.

Transactions exceeding Rs 1.34 crore were funneled through these rented accounts. Bhubaneswar DCP Jagmohan Meena said, “The accused knowingly facilitated the scam by renting out their accounts and recruiting others. Such operations are a growing concern and will be dealt with strictly.”

Authorities have also warned mobile shop owners and telecom operators about the illegal sale of pre-activated SIM cards, threatening arrests for negligence. During the arrest, police seized 24 cheque books, 8 bank passbooks, 27 debit cards, 4 mobile phones, a laptop, one credit card, and 6 PAN cards from the accused. Investigations continue to identify other participants linked to the scam.

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