Investor duped of Rs 7.68 lakh in fake stock scheme in Odisha, one arrested

CUTTACK: The Cyber Crime and Economic Offence police on Sunday arrested a 40-year-old man for allegedly duping a Cuttack resident of over Rs 7.68 lakh by luring him to invest in fake stock market schemes.

The accused, Amulya Kumar Sahoo is a native of Saintala village within Chandbali police limits. He was nabbed from Bhadrak. Briefing mediapersons, DCP Khilari Rishikesh Dnyandeo said the victim had lodged a complaint on January 5 alleging that he had been cheated by an online group posing as stock brokers under the name Allianz Global Investors.