The Cyber Crime Unit of the Odisha CID Crime Branch has arrested Amanullah Khan (34) from Telangana in connection with an online trading investment scam amounting to ₹1.4 crore.
The scam involved fraudulent promises of high returns on investments in IPOs and OTC trading. The complainant, a resident of Bhubaneswar, reported losing ₹1.4 crore over a series of transactions between November 2024 and January 2025. The fraudsters persuaded him to invest further despite initial losses and later refused to release the funds, demanding additional payments.
Following a thorough investigation, the CID team traced financial transactions and digital evidence, leading to Khan’s arrest in Hyderabad. The suspect was presented before the Special Judicial First-Class Magistrate in Telangana and has been brought to Odisha on transit remand.
The investigation is ongoing, aiming to uncover accomplices, map the transnational network, and track the full money trail. Incriminating items such as mobile phones, SIM cards, Aadhaar cards, PAN cards, and bank passbooks have been seized.
Authorities have urged citizens to remain vigilant against unsolicited investment offers on social media and messaging apps. Suspicious activities should be promptly reported to the Cyber Helpline (1930) or the nearest police station.
