This special report covers the arrest of Pratap Kumar Raut, the alleged Odisha head of a massive ₹1000 crore investment scam, by the state’s Economic Offences Wing (EOW). The investigation’s sources suggest that investigators believe ‘it is not a handy work of only one person’ and are probing for wider links. The pan-India Ponzi scheme, operated by a firm named Hedgex Fund LLP, allegedly defrauded over 3 lakh investors across ten states by promising high returns on forex trading. The probe was initiated following a complaint from Bijoy Kumar Panigrahy, who claimed to have been duped of his retirement savings. Authorities state the fraud followed a classic Ponzi model, where initial returns were paid to gain trust before the operators vanished with the invested capital.
#OdishaScam #PonziScheme #EOW #itwebvideos #PratapRaut #InvestmentScam #ScamAlert #OdishaNews #FinancialFraud #BreakingNews #IndiaToday
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