Balodabazar, Chhattisgarh, July 8: In a major breakthrough, police have intensified their investigation into a multi-crore financial fraud scheme and arrested six more individuals accused of duping the public with false promises of high returns through share market investments.
The accused lured unsuspecting investors by promising to double their money, claiming the funds would be invested in the stock market. However, the investigation revealed that the accused used the collected funds for personal enrichment—spending crores in the share market, purchasing assets, and indulging in lavish expenditures.
Assets Purchased Using Fraudulent Funds:
70 helicopter machine parts worth ₹1.75 crore
Several acres of land in Sonakhan, Chandkhuri, Sankara, and Shivrinarayan
Seized items include: ₹81,000 cash, multiple bank accounts, ATM cards, 1 motorcycle, and 1 Brezza car
Accused Arrested So Far:
A total of 10 accused, including a government school teacher, have been arrested in connection with four FIRs registered at Kasdol Police Station.
Latest Arrested Individuals:
Anita Sahu (43) – Village Mahakam, PS Sonakhan
Kusum Rani Sahu (23) – Village Mahakam, PS Sonakhan
Anil Shankar Sahu (34) – Village Laxmanpur, Dist. Janjgir-Champa
Ram Narayan Sahu (48) – Village Bilari, PS Shivrinarayan, Dist. Janjgir-Champa
Janaki Sahu (40) – Village Mahakam, PS Kasdol
Devnarayan Sahu (45) – Village Mahakam, PS Kasdol
Police teams are actively tracking the remaining accused, and efforts are underway to recover further assets and ensure justice for the victims.
The district police’s diligent investigation and continued arrests demonstrate their firm commitment to cracking down on financial fraud and safeguarding public interest.
