Kendrapada, Oct. 19 -- Odisha Police have detained a person in connection with an alleged multi-crore investment fraud in Kendrapada district, in which more than 1,000 depositors were reportedly duped of around Rs 17 crore through dubious savings schemes promising to multiply their investments.
According to Sangram Mallik, Inspector-in-Charge of Rajkanika police station, one Bijay Kumar Sahu of Baradia village under Rajkanika police station lodged an FIR on Saturday, alleging that the accused, Sudhanshu Nath, operated more than 20 dubious savings entities, including Triinarth Sanchaya Samiti, using fake registration numbers, forged government seals and counterfeit passbooks.
The accused allegedly lured more than 1,000 depositors, mostly d...