Assam: CBI Arrests Two More In Rs. 400 Crore DB Stock Scam

GUWAHATI: The Central Bureau of Investigation (CBI) arrested two individuals identified as Pushpajit Purkayastha and Sandeep Gupta in Guwahati yesterday, following an investigation that revealed their significant involvement in the M/s DB Stock Consultancy scam operated in Guwahati by the accused mastermind Deepankar Barman.

Accused Pushpajit Purkayastha, the former branch manager of Axis Bank's Rehbari 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, in cahoots with mastermind Deepankar Barman, lured bank customers and other investors to invest in the scheme through the misleading promises of handsome and guaranteed returns. He made huge illegal gains 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.

Accused Sandeep Gupta, the main agent and aggregator for DB Stock Consultancy, was found to have conspired with accused 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 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.

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, owner of DB Stock, is accused of cheating and defrauding over 10,000 people across the country of more than Rs. 400 crores by luring them to invest in a fraudulent, unregulated deposit scheme with false assurances of fixed high returns and subsequently defaulting on these deposits.

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