Odisha Police have uncovered a money trail amounting to approximately Rs 7 crore linked to a sophisticated cyber fraud syndicate, following a series of coordinated raids and financial investigations across multiple locations in the state.

The breakthrough came during an ongoing probe into a large-scale online scam that targeted victims through various modus operandi, including impersonation of government officials, fake investment schemes, and fraudulent loan offers. Cyber fraudsters allegedly lured individuals via social media, WhatsApp groups, and phishing calls, promising high returns on investments or quick loan approvals, only to siphon off funds once victims transferred money to mule accounts. The Economic Offences Wing (EOW) of Odisha Police, in collaboration with cyber cells from several districts, traced the illicit proceeds through layered bank transactions involving over 50 accounts.

Investigators identified key suspects, including a network of money mules and handlers who facilitated the layering and integration of stolen funds. Raids conducted in Bhubaneswar, Cuttack, Balasore, and other areas led to the seizure of digital devices, incriminating documents, and partial recovery of proceeds. Bank statements and transaction records revealed that a significant portion of the Rs 7 crore had been moved through UPI transfers, cryptocurrency wallets, and cash withdrawals, with some amounts allegedly routed to accounts in neighbouring states.

Also Read: Colorado Boy Impresses Airline After Spotting Manual Discrepancy

This case forms part of a broader crackdown on cyber-enabled financial crimes in Odisha, where reported incidents have surged in recent years due to increased digital adoption and low awareness among vulnerable sections such as senior citizens and rural residents. Police officials noted that the unearthed trail highlights the organised nature of these syndicates, often operating with interstate and sometimes international linkages, making detection and recovery challenging.

Authorities have appealed to the public to exercise caution against unsolicited calls or messages promising financial gains, and to verify any government or bank-related communication through official channels. The investigation remains active, with efforts underway to identify and apprehend the main orchestrators behind the fraud. Odisha Police have assured that stringent action will be taken under relevant sections of the Bharatiya Nyaya Sanhita and Information Technology Act to dismantle such networks and deter future offences.

Also Read: JSW Motors Inks MoU With Tata IIS To Build Skilled Talent For First EV Facility