Bhubaneswar, March 12 -- Police have arrested a man from the Kantiagada area of Rambha in Odisha's Ganjam district in connection with a cyber fraud case involving transactions exceeding Rs 2 crore, officials said.

The accused has been identified as Jyotiranjan Pradhan. During the operation, police seized a mobile phone from his possession, which reportedly contains crucial evidence related to illegal financial transactions.

According to police, the accused, along with two associates, allegedly opened 50 to 70 bank accounts using the identities of economically vulnerable individuals.

The accused reportedly lured people by promising monthly financial benefits and persuaded them to open bank accounts. After the accounts were created, the ...