Guwahati: Rani Police arrest mastermind for multi-crore trading scam

STAFF REPORTER

GUWAHATI: A large-scale trading fraud has been unearthed in the Rani locality, near Guwahati, with the Rani police arresting a youth named Chinmoy Das for allegedly defrauding investors of crores of rupees.

Das, a resident of Rani, reportedly lured locals into investing in his trading scheme by promising them substantial returns.

According to police sources, initially, he gained their trust by returning money with interest, encouraging more people to invest. However, as the investments grew, he began citing trading losses and stopped repayments. As per the FIR lodged at the Rani OP allegation, a probe into his Axis Bank account revealed transactions amounting to Rs 5.76 crore between January 1, 2024, and November 6, 2024, despite an initial balance of only Rs 2,05,431.

Investigators also discovered multiple other bank accounts under his name. However, when investors demanded their money back, he allegedly resorted to threats and abuse. Palasbari police have registered a case (72/2025) after the FIR was lodged at Rani Outpost.

Complaints have also been alleged against his parents and girlfriend for their alleged involvement in the scam. After absconding for six months, Das returned to Rani last night, leading to his arrest. The accused has been sent to judicial custody.

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