The Commissionerate Police of Bhubaneswar has arrested six individuals from Bolangir district who duped an LIC officer of Rs 78 lakh under the pretext of lucrative stock market investments.
The victim was deceived through a fraudulent trading company, Spreadex Global Ltd, which was promoted via Telegram by an account impersonating Priya Bajaj. The cybercriminals manipulated the officer into transferring funds across multiple transactions from February to April this year, promising high returns.
Following extensive technical analysis, including tracking bank transactions and ATM footage, the police traced the fraudsters’ locations and arrested them. Investigators uncovered a vast network in which the accused used fake Telegram profiles to lure unsuspecting individuals into investment scams, particularly involving cryptocurrency (USDT).
Authorities have urged citizens to be cautious of online investment schemes and report suspicious activities to prevent further cybercrimes.
