Odisha Crime Branch dismantles investment scam network, six arrested

Bhubaneswar, Aug 8: In a significant breakthrough, the Crime Branch of Odisha has arrested six individuals linked to an elaborate investment fraud scheme, with suspects hailing from Tamil Nadu and Gujarat. This organized cybercriminal gang operated under the guise of online investment platforms, promising high returns to lure unsuspecting victims.

The arrested individuals are Arun Shaju, also known as Henry Johnson, Seenu R, Vasu J, all from Tamil Nadu, Jaimin Kukdeja Megharajbhai, Brijesh Dayabhai Sathiya and Udaya Rameshbhai, from Gujarat

Arun Shaju and Jaimin Kukdeja Megharajbhai facilitated the fraud by opening bank accounts under their names and providing these accounts for illicit transactions. Vasu J, Seenu R, and Udaya Rameshbhai served as account collectors, securing additional mule accounts to streamline the transfer of stolen funds. Brijesh Dayabhai Sathiya was responsible for withdrawing cash through cheques and transferring it to hawala operators for further distribution.

The case came to light on February 28, 2024, when a Bhubaneswar resident reported being defrauded after investing ₹71.95 lakh into various accounts linked to fraudulent trading apps promoted via WhatsApp groups. Initially enticed by substantial digital profits, the victim was pressured to invest more money under threat of losing his investments. Realizing he had been scammed, the victim filed an FIR with the Crime Branch.

The FIR, registered under multiple sections of the IPC and the Information Technology Act, 2000, led to coordinated raids across Tamil Nadu and Gujarat. During the operation, investigators seized mobile phones, SIM cards, ATM/debit cards, Aadhaar cards, and other incriminating documents from the suspects. The accused have confessed to involvement in numerous cybercrimes across India, with further details pending verification.