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Financial crime investigations in Odisha

Updated 3 times since CLSTR started tracking revisions of this situation.

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2026-09-11 12:06 UTC → 2026-09-30 03:53 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 Balangir, the 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 network that used foreign-routed WhatsApp Business virtual numbers from the Philippines to coordinate operations Philippines. In Rourkela, Bondamunda Police arrested Sheikh Aman and share bank credentials. Yashraj Singh for their involvement in an interstate syndicate operating under handlers in Patna, Bihar. The network reportedly layered cheated duo allegedly lured unemployed youths and citizens with promises of money through multiple business-entity or jobs to open bank accounts before withdrawing funds in cash. Authorities seized mobile phones, cheque books, passbooks, and debit cards as they work obtain SIM cards, which were then sold to identify the ultimate beneficiaries. cybercriminals for ₹15,000 to ₹20,000 per set. These developments follow previous investigations into a network that used country liquor, known as ‘Handia’, accounts were linked to manipulate senior citizens at least 20 cybercrime complaints across multiple states, including Haryana, Delhi, and retired bank employees into opening mule accounts, as well as a staged robbery in Jharsuguda involving a cash management executive. Punjab, with illegal transactions exceeding ₹25 lakh identified through four specific accounts.

Versions

  1. 2026-09-30 03:53 UTC Financial crime investigations in Odisha
  2. 2026-09-11 12:06 UTC Financial crime investigations in Odisha
  3. 2026-09-08 09:43 UTC Financial crime investigations in Odisha
  4. 2026-08-24 18:38 UTC Financial crime investigations in Odisha

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