Staff Reporter
Guwahati: The Central Bureau of Investigation (CBI) arrested two individuals, Pushpajit Purkayastha and Sandeep Gupta, at Guwahati recently, following an investigation that brought to light their significant involvement in the M/s DB Stock Consultancy scam, which defrauded over 10,000 people across the country of more than Rs 400 crores.
The scam was operated in Guwahati by the accused mastermind Deepankar Barman.
Barman, his fiancée Monalisha Das, accomplices, and parents are already in the CBI’s net, and a massive investigation and subsequent operation were undertaken by the investigation agency to bring the perpetrators to book.
Accused Pushpajit Purkayastha, the former branch manager of Axis Bank’s Rehabari branch in Guwahati, was found to have colluded with DB Stock Consultancy to solicit deposits from the public with false promises of high returns.
The investigation revealed that he conspired with mastermind Deepankar Barman to lure bank customers and other investors to invest in the scheme through the misleading promises of high and guaranteed returns.
He made a huge illegal gain in the form of commissions for bringing innocent investors into the fold of the fraudulent scheme. Pushpajit managed clients and investors based in Mumbai and Guwahati, abusing his position to facilitate these fraudulent activities.
The other accused, Sandeep Gupta, the main agent and aggregator for DB Stock Consultancy, was found to have conspired with the scam mastermind, Deepankar Barman, and other accomplices in the operation of DB Stock, an illegal deposit scheme.
He handled clients and investors from Dibrugarh, referring over 350 customers and soliciting funds from them, luring them to invest in the scam with false promises of high returns.
The investigation revealed that he earned lakhs of rupees as commission from DB Stock Consultancy for the referrals and deposits collected through his network of agents.
The CBI has already filed a chargesheet against the main accused of the scam, Deepankar Barman, along with his fiancée Monalisha Das, his parents Chabin Barman and Deepali Barman, and Mukesh Agarwal, a Chartered Accountant.
Deepankar Barman, the owner of DB Stock, is accused of cheating over 10,000 people across the country, defrauding them of more than Rs 400 crore, by luring them to invest in a fraudulent, unregulated deposit scheme by providing false assurances of fixed, high returns on their investments and subsequently defaulting on these deposits.
The scam came to light after depositors complained of default in payments by Deepankar Barman and his cohorts.
Also read: Assam: CBI files Supplementary CS Against Three More Accused in DB Stock Consultancy Scam.
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