Police have arrested a couple hailing from Odisha’s Balasore district for allegedly cheating an investor out of Rs 1.26 crore by promising lucrative investment returns, an official said on Monday.
Officers from the Sundargarh Cybercrime & Economic Offences Police Station apprehended the husband and wife, both in their early 40s, from Baripada in Mayurbhanj district on Sunday, according to Additional SP S N Samad.
The duo had formed a company and established operational offices across multiple locations, including Bhubaneswar, using various fake schemes to entice targets with guaranteed high returns, she stated.
“We registered a case against the couple in April this year following a formal complaint filed by a victim based in Sundargarh,” she added.
Further investigation into the matter is underway to nab any other accused involved in the cyber fraud.
