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Financial crime investigations in Odisha

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2026-09-08 09:43 UTC → 2026-09-11 12:06 UTC · added ~~removed~~

Police in Odisha have dismantled several criminal operations involving financial fraud and the use of mule bank accounts. In Bhubaneswar, authorities arrested three individuals, including a private bank field agent, for allegedly operating a fake entity named ‘PP Manpower Supply and Hospitality Services’. This group reportedly used the company to open approximately 25 mule accounts to route funds for cyber fraudsters in cities such as Delhi and Kolkata. Investigators identified suspicious transactions totaling between ₹30–35 lakh, though the alleged mastermind, Krushnachandra Behera, remains at large. In ~~a separate operation,~~ Balangir, the ~~Balangir~~ Cyber Crime and Economic Offences Police dismantled a syndicate that provided forged bank accounts, SIM cards, and credentials to facilitate scams involving digital arrests, fake investment schemes, and OLX fraud. Four individuals were apprehended following alerts from the Indian Cyber Crime Coordination Centre, with transactions exceeding ₹35 lakh identified. Further investigations in Balangir led to the arrest of four individuals—Prakash Sharma, Sunny Barve, Prasanna Kumar Nag, and Jubaraj Deep—for their roles in an organized investment fraud network. This group allegedly used foreign-routed WhatsApp Business virtual numbers from the Philippines to coordinate operations and share bank credentials. The network reportedly layered cheated money through multiple business-entity bank accounts before withdrawing funds in cash. Authorities seized mobile phones, cheque books, passbooks, and debit cards as they work to identify the ultimate beneficiaries. These developments follow previous investigations into a network that used country liquor, known as ‘Handia’, to manipulate senior citizens and retired bank employees into opening mule accounts, as well as a staged robbery in Jharsuguda involving a cash management executive.

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