CBI to start probe into online trading scam in Dibrugarh

Dibrugarh: A five-member CBI team arrived in Dibrugarh on Friday to investigate a multi-crore online trading scam that has led to the arrests of a 22-year-old Bishal Phukan, actor-choreographer Sumi Borah, her husband Tarkik Borah and her brother-in-law Amlan Borah. The scam, estimated to be worth at least Rs 2,200 crore, has led to over 1,500 investors being defrauded.

Dibrugarh superintendent of police, Rakesh Reddy, said, “Necessary files, related to the case, have been handed over to the CBI team at Dibrugarh police station. We are fully cooperating with them.” The investigation was previously led by Dibrugarh Police’s additional SP (Crime) Sizal Agarwal.

According to sources, the CBI team will interrogate the accused individuals, who are currently lodged at Dibrugarh Central Jail, on Saturday. Primary accused, Bishal Phukan, was apprehended by Dibrugarh Police on September 3, before Sumi Borah, Tarkik Borah and Amlan Borah were arrested by law enforcement agencies.

The scam, which reportedly had been operating for nearly three years, promised investors nearly a double return of their investments within a span of 60 days. However, investigators have alleged that the funds from the investors were instead channelled to private unlisted companies. While initially payouts were made to gain trust, it ceased as the scheme started to grow.

Sumi Borah is said to have played a crucial role in attracting investors, using her public persona to build confidence among potential clients. Reports indicated that the accused exhibited lavish lifestyles, which included luxurious stays in five-star hotels and extravagant spending on jewellery and high-end cars. Authorities are also investigating claims that numerous medical professionals and businessmen had invested in the scheme, but are apprehensive of coming forward due to scrutiny from tax authorities.

We also published the following articles recently

Muda scam: Lokayukta investigates allegations, verifies documents Lokayukta investigators are examining documents in the Muda scam linked to CM Siddaramaiah, involving his brother-in-law and a landowner. Activist Snehamayi Krishna alleges Siddaramaiah tampered with evidence, urging further probe and CCTV installation at Lokayukta office. Officials are verifying records to submit a comprehensive report to a special court.

Baba Siddique murder: Delhi Police to send special team to Mumbai for investigation Delhi Police's Special Cell is sending a team to Mumbai to investigate NCP leader Baba Siddique's murder. Two suspects have been arrested, and a third is being sought. The motive is believed to be a gangster aiming to establish influence in the city. All NCP programs have been canceled in respect to Siddique's death.

RTI activist accuses Lokayukta police officers of neutralising Muda scam RTI activist Gangaraju accused Mysuru Lokayukta police officers of colluding with urban development officials to cover up a scam in the Mysore Urban Development Authority. Despite having substantial evidence, legal actions and raids were allegedly stalled. Gangaraju has appealed to the governor for a central agency or CBI investigation.