Three Arrested in Odisha for Rs 1.70 Crore Online Trading Fraud

• Odisha's Economic Offences Wing (EOW) arrested three individuals for an online trading fraud totaling Rs 1.70 crore.
• The accused, from Bhubaneswar, allegedly lured investors with promises of high returns on fake trading schemes.
• The main complainant lost Rs 41.30 lakh, while two others invested over Rs 1.28 crore in 2023.
• After collecting funds, the fraudsters shut down company websites and apps, disappearing without paying investors.
• Promotional meetings for the scheme were held in Bhubaneswar, Cuttack, Himachal Pradesh, West Bengal, and Andhra Pradesh.

Why It Matters: Odisha EOW busts Rs 1.70 crore online trading fraud, arresting three who duped investors.