The Badagada police on Monday arrested a woman, who had allegedly duped a person of Rs 12.75 lakh here and then absconded.
The accused identified as Kalyani Pradhan is a resident of Rani Apartment near the Rajarani Temple.As per reports, the accused woman was running the agency from her house and used to lure investors with lucrative schemes. She used to assure gullible investors of two to four times returns on their investments.
Lured with the schemes, one Satyananda Satpathy of Nischintakoili in Cuttack district deposited Rs 12.75 lakh in 2012. Kalyani had assured him of double return of the invested money in four years.
After that when Satyananda did not receive the monthly interest, he tried to contact her but she absconded.Later, Satpathy lodged a complaint with the Saheed Nagar police and an investigation had begun.