A massive financial scam in Sambalpur has duped investors of crores of rupees.
The fraudulent scheme, operated by a company named MCX, has affected locals as well as Odia investors from various regions, including states and countries outside India.
Over 500 victims have filed a complaint at the Dhanupali police station, alleging that MCX promised high-interest returns but abruptly stopped payments in March 2024.
The complaint named Santosh Acharya as an alleged agent of MCX, who has now disappeared. The scam involved a bond system offering attractive monthly interest rates, leading many to invest large sums of money.
In response, the affected investors formed an ‘MCX Crisis Committee’ to address the issue. The police have urged victims to report the fraud but have not provided further comments or traced the scheme’s kingpin.
