Three directors of two Fintech Companies arrested for involvement in Cyber Fraud
Bhubaneswar: The Cyber Crime Unit of Crime Branch, Odisha today arrested three persons
in a case of cyber fraud of Crypto Investment. They were running Fintech Companies as
and became a part of cyber frauds by facilitating in the quick transfer of money to the
virtual accounts of cyber criminals.
The arrested persons Sumit Kumar Das and Amiya Ranjan Satpathy of Bargarh
and Sidharth Satpathy of Bhillai, Chhattisgarh identified themselves as Directors of two
Fintech companies. Sumit Kumar Das and Amiya Ranjan Satpathy were directors of a
Fintech Company PayInc and Sidharth Satpathy was the director of Fynpe.
A victim had reported on 05.05.2023 that he had received a WhatsApp call from a
stranger lady suggesting to subscribe a YouTube channel link for earning money. After
that she gave him a Telegram contact to chat. Then the victim frequently received
messages through Telegram App enticing to invest money for high returns. The victim
then started paying the money believing that he was making investments and was trapped
by the fraudsters. The complainant deposited more than Rs.54.75 Lakhs in between
6.05.2023 to 23.05.2023 to get high returns. When the fraudsters pursued him for more
and more money without any return, the complainant reported the matter at Cyber Police
Station at Crime Branch. On his complaint, CID CB Cyber Crime Police Station Case
No.06/2023 was registered on 29.05.2023 u/s 419/ 420/ 467/ 468/ 471/ 120-B/ 34 IPC r/w
Sec. 66-C/ 66-D of Information Technology Act, 2000 and a team of officers led by
Inspector Geetanjali Jena investigated into it.
Online verification of the NCRP portal of I4C, Ministry of Home Affairs has
revealed that apart from this case, 26 other complaints from different parts of the country
have been registered against the registered bank account of Fynpe and 18 against the
registered Bank Account of PayInc throughout India.
