Malkangiri, May 5: A major share market trading scam involving a sum of 80 lakh rupees has led to the arrest of Debajit Tripathy, a resident of Bargarh's VSS Nagar, by the Malkangiri police in Assam.
The case came to light when Jitendra Patra, a resident of Talsahi village in Malkangiri district, filed a complaint with the Malkangiri police station on September 4th, 2017. In his complaint, Patra alleged that Debajit Tripathy, claiming to be from Cuttack, had approached him in 2017. Tripathy reportedly introduced himself as a representative of a newly established "Commodity Trading" firm in Malkangiri and promised a 20% return on investments within three months.
Convinced by Tripathy's claims, Patra invested an initial sum and, as promised, received a 20% return after three months. Encouraged by the success, Patra continued to invest additional amounts, ultimately totaling 80 lakh rupees across several accounts.
However, after the next three-month period, Patra did not receive the expected returns. Attempts to contact Tripathy were futile, as he had disappeared from Malkangiri. In response, Patra lodged a formal complaint with the local police.
The Malkangiri police launched an investigation, and following a thorough search, Debajit Tripathy was arrested from Tezpur village in Assam's Sonitpur district. According to police sources, five separate cases have been filed against Tripathy at the Malkangiri police station. Authorities have confirmed that further investigation is underway, and the accused will be presented in court for legal proceedings.
This arrest highlights the growing concern over fraudulent investment schemes and serves as a reminder to the public to exercise caution when engaging in financial transactions.
