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Odisha CID-CB Issues Advisory on Online Investment Fraud

Bhubaneswar, May 18 (UNI) The CID- CB of Odisha Police has issued an important advisory to protect citizens from falling prey to the rampant rise in online investment fraud cases in the state.
In a release issued here on Saturday, the CID-CB said there has been a steep and concerning rise in cases of fraud through online investment apps, WhatsApp group links, Telegram group links, etc. Many people, it said, have lost money by investing in such fake online schemes.
The fraudsters lure people with promises of high returns in a short time through investments in stock markets, shares, mutual funds, and IPO allotments. However, most of these investors have lost their hard-earned savings, the advisory said, adding that by exploiting the trust and greed of these people, online investment fraudsters have caused them devastating financial losses.
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