Bhubaneswar, Jan 30: The Economic Offences Wing (EOW) of Odisha Police has arrested three persons in connection with Rs 2 crore online trading fraud case.


The accused have been identified as Bikram Keshari Sahu of Patia, Dinesh Maharana of Saubhagya Nagar, and Sarbanam Sabat of Sahid Nagar.


According to reports, the accused allegedly lured people with promises of quick profits through online investments. They used to organise meetings in Cuttack and Bhubaneswar to attract investors and assured them of high returns. However, no money was ever repaid.


Investigations revealed that the accused had been defrauding people since 2023 and later expanded their operations to Himachal Pradesh, West Bengal, and Andhra Pradesh.


During the investigation, it was found that funds were diverted into both personal and company accounts.


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Authorities said further investigation is underway to trace the money trail and identify other possible victims.


This case highlights the growing menace of online trading scams and the need for vigilance among investors.