Malkangiri, May 5: Malkangiri police have arrested Debajit Tripathy, a fraudster accused of duping investors of over ₹3 crore in a fake share market scheme. The accused, originally from VSS Nagar, Bargarh, was apprehended in Assam after an extensive investigation.

Tripathy allegedly lured victims by promising 20% returns within three months through his fraudulent firm, C Trading, which he established in Malkangiri. Between 2017 and 2024, at least five individuals fell prey to his scam, investing large sums in hopes of high profits.

One of the victims, Jitendra Patra, a fruit trader from Talsahi village, reportedly lost ₹80 lakh in the scheme. When investors demanded their returns, Tripathy resorted to threats and intimidation instead of repaying them.

Following multiple complaints, Malkangiri SP Binod Patil directed a special investigation team led by Inspector Kindo to track down the accused.

The team traced Tripathy to Tezpur, Assam, where he was hiding. He was arrested and brought back to Malkangiri, where he has been remanded to judicial custody.

Authorities have urged citizens to remain cautious of investment scams and verify financial firms before investing.

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