Odisha Couple Duped of INR 90 Lakh in Dollar Trading Scam, 2 Including Woman Arrested
The Nayapalli police in Bhubaneswar have arrested two individuals for allegedly defrauding a local couple of nearly Rs 97.28 lakh. The suspects reportedly lured the victims into a fraudulent online dollar trading platform by promising exceptionally high returns on their investments within a six-month window.
The Nayapalli police in Bhubaneswar have arrested two individuals for allegedly defrauding a local couple of nearly INR 97.28 lakh. The suspects reportedly lured the victims into a fraudulent online dollar trading platform by promising exceptionally high returns on their investments within a six-month window. MP Crypto Scam: Retired CA Loses INR 21 Crore After Woman's Crypto Investment Pitch Lures Him Into USDT Scheme.
According to law enforcement officials, the arrested individuals approached the couple with an investment scheme centered around digital foreign exchange trading. Convinced by the assurances of guaranteed profits, the husband and wife progressively transferred large sums of money, ultimately totaling over Rs 97 lakh. The deception came to light when the promised financial returns failed to materialize and the operators became evasive, prompting the victims to lodge an official complaint. Mumbai Businessman Duped of INR 11 Crore in WhatsApp Stock Trading Scam, Probe On.
This incident highlights a growing trend of digital investment fraud where cybercriminals use sophisticated trading terminology to manipulate investors. Police have initiated a formal investigation to trace the digital footprints of the transactions, analyze the fraudulent platform, and determine if the duo is linked to a broader network operating similar financial scams across the region.
(The above story first appeared on LatestLY on Jul 20, 2026 09:37 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
