https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Former IPS Officer D.K. Panda Alleges Rs 381 Crore Fraud Linked to Terrorism

IPS Panda, who retired from the Indian Police Service in 2005, detailed the ordeal in a complaint filed on October 25.
Indian Masterminds Stories

Mr D.K. Panda, a 1971 batch IPS officer and former Inspector General of Police known for his transformation into ‘Doosri Radha,’ has lodged a complaint with the Dhoomanganj police station, alleging that unknown individuals have duped him of ₹381 crore.

In his complaint, Panda has requested that the investigation be handed over to the Central Bureau of Investigation (CBI) or the National Investigation Agency (NIA), citing potential links to terrorism.

Panda, who retired from the Indian Police Service in 2005, detailed the ordeal in a complaint filed on October 25. He claimed that he received a threatening WhatsApp voice call from an individual identifying himself as Arav Sharma, who allegedly operates from Nicosia, Cyprus. According to Panda, Sharma claimed to work for the Cyprus Securities and Exchange Commission (CySEC) and threatened him with criminal implications if he did not comply with demands related to his alleged investments.

The former IPS officer reported that he had engaged in online trading with the Finnix Group, where he initially made significant profits. However, he claims that despite withdrawing the funds, they were never credited to his bank account. Instead, he was confronted with demands for various fees, including taxes and transaction costs.

Panda alleged that when he refused to pay an additional ₹8 lakh requested by Sharma, he was met with threats that his personal documents would be misused for terrorist activities. In his complaint, he expressed concern about the identity of the individuals involved, emphasizing that he had requested proof of identity but received no satisfactory response.

Panda’s claims of terror links prompted him to urge authorities for a thorough investigation, asserting that the matter warranted the attention of higher investigative agencies. The police have since registered a case under relevant sections pertaining to criminal intimidation and cheating.

The investigation into the case is ongoing, and authorities are exploring the claims made by the former police official to ascertain the legitimacy of the threats and the alleged fraud.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
international big cat alliance IBCA
Big Cat Summit 2026: ‘New Delhi Declaration’ to Be First Global Pact on 7 Big Cats, India to Lead
rekha cm
Delhi Govt Plans New Railway Underpasses to Cut Travel Time and Ease City Traffic Congestion
UPSC IFS Cadre Allotment 2025
Odisha Govt Transfers 12 IFS Officers; G Rajesh Appointed Additional PCCF (Nodal)
Renu Singh
MP Bureaucracy Twist: PCCF Renu Singh Gets IT Posting 5 Days Before Retirement, Govt Creates Temporary Post
Karnataka Hate Speech and Hate Crimes Bill 2025
Karnataka Govt Transfers 3 IPS Officers; Ravi S Takes Charge as ADGP KSRP
nrl
NRL Wins Excellence in Enterprise Security Award at India PSE Summit 2026 for Cybersecurity Leadership 
cm dhami
Uttarakhand Announces Anganwadi Worker Salary Hike After 3 Years, Over 36,000 Employees to Benefit Across the State
cm dhami
Uttarakhand: ₹968 Crore Dehradun Development Plan Approved to Boost Infrastructure and Green Growth
ADVERTISEMENT
ADVERTISEMENT
Videos
vandana
IRS Vandana Sagar: From Academic Excellence to International Tax Leadership and a Champion’s Mindset
Pawan Sareen
Truth Behind India’s LPG Supply Strain Amid Rising Demand and Global Uncertainty 
IAS Saurabh Katiyar
IAS Saurabh Katiyar’s Model of Good Governance: Compassion, Efficiency, and Real Impact
ADVERTISEMENT
UPSC Stories
WhatsApp Image 2026-04-27 at 5.48
Wedding Celebrations Turn Bigger as Suvan Sharma Becomes Jammu’s UPSC Topper
J&K topper Suvan Sharma secured AIR 148 in UPSC CSE 2025 in his sixth attempt, improving from AIR...
WhatsApp Image 2026-04-25 at 7.02
Born Without a Forearm, Kerala’s Daughter Secures AIR 167 in UPSC CSE 2025
Born without a forearm, Kerala’s Kajal Raju improved from AIR 910 to AIR 167 in UPSC CSE 2025 after four...
WhatsApp Image 2026-04-24 at 3.47
How Manoj Ramchandra Patil Became His Village’s First Civil Servant
Hailing from drought-hit Jalihal village in Maharashtra, Manoj Ramchandra Patil secured AIR 493 in UPSC...
CSR NEWS
school edcil
EdCIL Boosts Rural Education with New Classrooms and Sanitation Facilities in Varanasi School
Classroom & Sanitation Upgrade: EdCIL Strengthens Education Infrastructure in Varanasi
ntpc
₹7.19 Crore Healthcare Upgrade: NTPC Sipat Strengthens Bilaspur’s Medical Infrastructure
Big Boost to Healthcare: The initiative was highlighted during an event attended by Tokhan Sahu, Union...
ews
DVK Foundation Launches Scholarship Programme for EWS Students at BGIS Vrindavan
BGIS Vrindavan Partners with DVK Foundation for EWS Student Scholarships
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
international big cat alliance IBCA
Big Cat Summit 2026: ‘New Delhi Declaration’ to Be First Global Pact on 7 Big Cats, India to Lead
rekha cm
Delhi Govt Plans New Railway Underpasses to Cut Travel Time and Ease City Traffic Congestion
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
vandana
Pawan Sareen
IAS Saurabh Katiyar
ADVERTISEMENT
ADVERTISEMENT