Bhubaneswar, April 24 -- The Cyber Crime wing of Odisha police on Friday busted an online investment fraud racket by arresting the mastermind of the gang from Dwarka area of New Delhi.
The accused identified as Vinay Kumar Sharma (56) had defrauded a man from Odisha to the tune of Rs 2.06 crore by ensnaring the victim in the fraud on the pretext of exorbitantly high investment return, said police.
In this case, the complainant was contacted by unidentified cyber fraudsters through WhatsApp on 23.12.2024 and was automatically added to a WhatsApp group.
The fraudsters, posing as financial experts, falsely represented one individual as a fund manager of a reputed company and lured the complainant with promises of high returns on investments...