May 8th 2024.
The Odisha Crime Branch's Cyber Crime Unit made a significant arrest on Wednesday, apprehending three directors of two fintech companies involved in a cyber fraud scheme related to cryptocurrency investments. According to sources within the Crime Branch, the individuals in question, Sumit Kumar Das and Amiya Ranjan Satpathy from Bargarh, Western Odisha and Sidharth Satpathy from Bhilai, Chhattisgarh, were operating as directors of two fintech companies - PayInc and Fynpe.
The unfortunate victim of this cyber fraud incident reported to the authorities on May 5th, 2023. He had received a WhatsApp call from an unknown woman who enticed him to subscribe to a YouTube channel in order to earn money. This was just the beginning of a series of messages he received through the Telegram App, all of which promised high returns on investments. Believing he was making smart financial decisions, the victim deposited over Rs. 54.75 lakhs between May 6th and May 23rd of last year.
However, as time went on, the victim realized he had been tricked and reported the matter to the Cyber Police Station at the Crime Branch. Following his complaint, the CID CB Cyber Crime Police Station launched an investigation and registered a case under various sections of the Indian Penal Code and the Information Technology Act, 2000.
Further investigation into the matter revealed that not only were there 26 other complaints filed against Fynpe's registered bank account, but also 18 against PayInc's registered bank account from different parts of the country. This information was discovered through an online verification of the NCRP portal of I4C, Ministry of Home Affairs.
In light of this incident, the Cyber Crime Unit of the Crime Branch urges citizens to exercise caution when engaging in online investment activities and to verify the legitimacy of entities offering financial services. They also appeal to the public to promptly report any suspicious online activities or instances of cyber fraud or crime by contacting the Toll-Free 1930 Cyber Crime Help Line or visiting www.cybercrime.gov.in to register a complaint.
Let us all stay vigilant and be mindful of potential cyber threats, taking necessary precautions to protect ourselves and our hard-earned money.
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