Cuttack: The Economic Offences Wing ( EOW ) of Odisha Police today arrested a man from 42 Mouza in Cuttack for allegedly duping investors by promising high returns on deposits in a fake forex trading scheme.

The accused, identified as Pratap Kumar Rout, was arrested based on a complaint lodged with the EOW on October 14, 2025. He was produced before the Designated Court under the OPID Act in Cuttack.

As per the complaint filed by Bijay Kumar Panigrahy, Rout persuaded him to invest his retirement savings amounting to ₹92.6 lakh in Hedgex Fund LLP, claiming it offered monthly returns between 11% and 18%. Rout reportedly introduced Panigrahy to the firm, assuring him that the company legitimately traded in the forex market and was not a money-rotation scheme.

However, soon after Panig

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