Odisha Police’s Crime Branch has arrested Amanullah Khan from Hyderabad in connection with an elaborate online trading fraud amounting to Rs 1.4 crore.
The case involves a Biju Janata Dal (BJD) MLA who fell victim to cybercriminals promising high returns through social media.
Khan, aged 34, was brought to Odisha on transit remand and presented before the local court in Bhubaneswar. Following the hearing, he was placed under judicial custody for 14 days. Investigators revealed that Rs 27 lakh of the stolen funds was transferred to Khan’s account.
Earlier, seven individuals linked to this fraud were apprehended in Tamil Nadu and Karnataka, marking significant progress in the investigation. Seized items from Khan include mobile phones, Aadhaar cards, bank passbooks, and other incriminating evidence.
The MLA lodged a complaint with the Cyber Crime Police Station on January 13, after falling prey to fraudsters posing as trade analysts on social media platforms. These criminals lured him with promises of profits through investments in IPOs, shares, and OTC trading, leading to losses totaling Rs 1.4 crore.
