The Odisha Crime Branch’s Criminal Investigation Department (CID) Cyber Crime Unit has successfully solved an investment fraud case, leading to the arrest of a major suspect in the Rs. 87 lakh scam.

The victim, who worked for a private company, was added to the “101 Stock Discussion Group” WhatsApp group, where scammers pretended to be professors and other colleagues. By offering phoney stock trading advice, initial public offering (IPO) advice, and investment plans, they deceived the victim into making many deposits totalling about Rs. 87 lakh into different bank accounts.

Mrs Vandana Bawa was captured in South Delhi by the CID Cyber Odisha Crime

Unit following a comprehensive investigation that included the analysis of digital evidence and transaction data. An investigative team under the direction of Additional SP Ritesh Kumar Mohapatra made the arrest feasible. The accused would be transported to Odisha Crime on transit remand after appearing in the local court in Saket, New Delhi.

The investigation team confiscated some incriminating items, such as a PAN card, an Aadhar card, an Indian SIM card, and a cell phone. After several bank accounts were closed, the complainant received a return of Rs. 10 lakh.

The accused’s bank account was connected to two further cyber incidents in Gujarat and Kerala, according to an additional investigation of Odisha Crime. The CID is pursuing the money trail, other accomplices, and the crime’s trans-Indian repercussions.

People are advised to exercise caution when they see unsolicited investment proposals on messaging applications and social media. To prevent being a victim of cyber scams, always confirm before investing.

Report such issues to the local police station or the 1930 Cyber helpdesk.

Protect Yourself Against Fraud

• Be wary of unsolicited messages and groups.
• Verify the authenticity of investment opportunities.
• Report suspicious activities immediately.