Bhubaneswar: A large number of people have allegedly been duped of crores of rupees after falling victim to the false promises of fraudsters in Odisha’s Nayagarh district.
According to sources, two siblings of the district had floated an application named APM Terminals and promised depositors to multiply their investments in a short period.
It was promised that if someone deposited Rs 5,000, he would receive Rs 55,000, while a deposit of Rs 15,000 would fetch the investors Rs 1 lakh every month. Lured by the offer, hundreds of gullible people invested crores of rupees and lost their money when the app was disabled recently.
As the application was promoted by local siblings, people deposited money thinking it was genuine. However, according to a modest estimate fake app ‘APM Terminal’ has robbed them of more than Rs 5 crore.
Some prominent political leaders, lawyers, and police officials were stated to have been cheated by the fraudsters.
