Assam: Online Trading Scam Accused Bishal Phukan Walks Out of Dibrugarh Jail

A CORESPONDENT

DIBRUGARH: Bishal Phukan, one of the key accused in the online trading scam, walked out of Dibrugarh Central Jail on Saturday evening after being released on bail.

His release follows the completion of all necessary legal formalities.

On Thursday, the Gauhati High Court granted bail to Bishal Phukan and Tarkik Bora in connection with Barbaruah Police Station Case No. 85/2024.

Earlier, Phukan had also secured bail in Dibrugarh Sadar Police Station Case No. 352/2024 and Duliajan Police Station Case No. 198/2024. The scam was busted in September last year with the arrest of Bishal Phukan, the alleged 22-year-old mastermind from Dibrugarh who reportedly defrauded more than 1,500 people promising them almost double the returns in 60 days.  Some investors claimed they took huge loans from banks or sold their gold jewelleries to invest in the fraudulent scheme floated by Bishal Phukan.  He initially returned the small invested amounts along with some interest but stopped after clients, lured by the profit, began investing larger sums.

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