Abhishek Chandel and Jinali Jagadish Shah allegedly duped victims in Chandikhole and Bhubaneswar via fake trading platforms, police said. Both have been brought to Cuttack for court proceedings.

CUTTACK: The Cyber Crime unit of Crime Branch has arrested two persons including a woman in separate cases of online investment fraud totalling over `2 crore.

The accused have been identified as Abhishek Chandel (39) of Dehradun and Jinali Jagadish Shah (32), a native of Thane district in Maharashtra.

In the first case, cyber fraudsters allegedly duped the victim, a native of Chandikhole, of over `73.56 lakh by inducing him to invest in fake online trading platforms, promising high returns. The victim had lodged a complaint in September last year. A police team was formed and Chandel was arrested from Uttarakhand for involvement in the fraud.

In the second case, Shah was arrested from Thane in connection with cheating a person from Bhubaneswar to the tune of `1.4 crore by coaxing him to invest in fake IPO and OTC trading platforms. Both the accused have been brought to Cuttack for being produced in court.