Key Highlights
- Sundargarh Cyber Police arrested a Balasore couple in connection with an alleged ₹1.26 crore investment fraud.
- Police said the accused operated an entity called “My Digital Locker.”
- The complainant allegedly invested ₹1,26,34,000 after being promised that the money would be doubled.
Sundargarh Cyber Police in Odisha have arrested a couple from Balasore district in connection with an alleged ₹1.26 crore investment fraud involving a platform called “My Digital Locker.”
According to a local report published on September 13, the accused were identified as Abinash Grahacharya and his wife, Indulekha Ojha.
Police allege that the couple operated the entity and attracted investments by promising to double the money within a specified period.
The available report does not specify whether the scheme involved cryptocurrency or other digital assets, though its online-only structure places it within the broader pattern of digital investment platforms Indian authorities have been investigating this year.
Complainant allegedly invested ₹1.26 Crore
Police said Prashant Naik, a resident of Rangadhipa under Sundargarh Town Police Station, filed the complaint.
According to the complaint, Naik invested ₹1,26,34,000 after being promised that the amount would be doubled within a fixed period.
He later approached the Sundargarh Cyber Police after suspecting that the investment platform was fraudulent.
Investigators subsequently traced the accused to Balasore.
Police freeze website and bank accounts
As part of the investigation, authorities reportedly froze the website and bank accounts linked to the alleged operation.
Police are examining the financial transactions and other records connected to the case.
The available report does not specify how many people may have invested through the platform or whether additional complaints have been registered.
Couple Booked Under BNS Sections
Police registered a case against the two accused under Sections 318(2), 318(4) and 3(5) of the Bharatiya Nyaya Sanhita (BNS).
The couple was subsequently produced before a court.
The allegations have not been established in court, and the investigation is continuing.
Case mirrors crypto scam tactics
The case comes amid several ongoing investigations into alleged investment and cryptocurrency-related fraud in India.
On September 1, Tamil Nadu’s Economic Offences Wing took over the alleged ₹400 crore FQL crypto scam investigation after around 40,000 complaints were filed. The DGP said FQL–VG allegedly accepted cash and UPI payments, credited USDT to in-app wallets and later froze withdrawals. Six FIRs were transferred to the EOW after 17 arrests.
In another case, the Enforcement Directorate said investors were allegedly cheated of ₹113.10 crore in the MTC crypto scam between August 2017 and April 2018. Amit Lakhanpal was arrested in the UAE, with India beginning extradition proceedings.
These cases involve different alleged schemes and investigative agencies, but each involves authorities examining how investors’ funds were collected and transferred.
Investigation remains ongoing
The Sundargarh case centres on allegations that investors were persuaded to transfer money through an investment platform using promises of predetermined returns.
Authorities have not disclosed whether other investors were affected or the total amount allegedly collected through “My Digital Locker.”
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