Assam: CBI Files Five More Charge Sheets against 18 Accused in Investment Scam Cases

Staff Reporter

Guwahati: Giving further impetus to the investigation of various Assam investment scam cases, the Central Bureau of Investigation (CBI) has filed five more charge sheets in five separate cases against 18 accused, including 16 individuals and two organisations going by the names M/s Upepithets Holdings Pvt. Ltd. (UHPL) and Brahmaputra Sanchay & Biniyog Cooperative Society Ltd. (BSBCSL).

These cases are being investigated by CBI Guwahati. The five charge sheets are apart from four charge sheets filed by CBI Delhi, which too is investigating Assam’s Unregulated Deposit or Investment Scam cases.

The CBI filed charge sheets against three accused, including two individuals, namely director Hemen Rava, manager Sankar Saha, and the private company they worked for, named M/s Upepithets Holdings Pvt. Ltd., before the Special CBI Court, Guwahati, in case RC 16E/2024. The case was re-registered by CBI Guwahati on October 22, 2024, marking a crucial step in the ongoing investigation into a large-scale financial fraud. The charge sheets were filed within the 90-day period of the arrest of the accused persons.

This is one of the Assam Investment Scam cases that are being investigated by the CBI at the request of the Assam government. The instant case was earlier registered by the Tezpur police station under FIR No. 533/2024 dated September 4, 2024. The investigation conducted by the CBI has unearthed substantial material evidence against the two accused persons and M/s Upepithets Holdings Pvt. Ltd. Investigation has established that the accused were involved in orchestrating an illegal deposit scheme that solicited funds from investors with the promise of guaranteed monthly returns of 6% and above. They cheated the investors and misappropriated the deposits.

Another charge sheet was filed against five accused, including four persons and a cooperative society they were employed in, namely Jiten Deka, the then chairman; Indrani Das, branch manager, Azara Branch; Sanjib Deka, secretary; Himangshu Talukdar, chairman; and Brahmaputra Sanchay & Biniyog Cooperative Society Ltd., before the Special CBI Court, Guwahati, in Case No. RC 5E/2024 re-registered by CBI Guwahati on October 20, 2024. This case was originally registered in Azara P.S. at Guwahati, vide Case No. 184/2024 dated September 12, 2024. The case pertains to deposits collected with promises of substantial returns by Brahmaputra Sanchay & Biniyog Cooperative Society.

CBI also filed a charge sheet against four persons, namely Mainao Brahma, Dipankar Bhatta, Jyotisman Sarma, and Sumit Barman, before the Special CBI Court, Guwahati, in RC 7E/2024 re-registered by CBI Guwahati on October 20, 2024. This case was registered after taking over the investigation of Mushalpur P.S. Case No. 102/2024. Investigation established that the accused persons had entered into a conspiracy, and in pursuance thereof, they were running an unregulated deposit scheme with the intention to defraud the general public and then diverted/misappropriated the hard-earned money of the general public.

CBI filed another charge sheet against two persons, namely Rishiraj Gogoi and Joy Modak, before the Special CBI Court, Guwahati, in RC 6E/2024 re-registered by CBI Guwahati on October 20, 2024. This case was lodged at Geetanagar P.S., Guwahati, under Case No. 174/2024 dated September 4, 2024. The charge-sheeted accused persons were involved in running a stock trading business in the name of their company, “Go Millions LLP,” formed for selling various cosmetics and other products. They induced the general public to invest their money by promising them high returns.

Further, CBI filed a charge sheet against four persons, namely Sankar Kumar Biswas, Rofiqul Islam, Dinesh Ch. Ray, and Niranjan Kumar Malakar, before the Special CBI Court, Guwahati, in Case No. RC 18E/2024 re-registered by CBI Guwahati on October 22, 2024. This case was earlier registered at Dhubri P.S. vide Case No. 310/2024 dated September 3, 2024. The investigation established that the accused persons had entered into a conspiracy with each other, and they collected deposits through UPI/cash/cheques from different persons for investments in the name of Titan Capital Market. However, they did not deposit/invest/trade the amount received from the different depositors with any regulated deposit scheme. They cheated the depositors by collecting money from them for investments and did not return the said amount to them.

During the investigation, CBI has successfully traced databases containing details of depositors who were deceived into investing in these unregulated deposit schemes. Further investigations in various aspects of different cases are continuing.

Also Read: Dibrugarh Investment Scam Case: CBI Files Charge Sheet Against Ranjit Kakoty

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