Dibrugarh investment scam: CBI files chargesheet in Rs.260 crore fraud affecting 1.5 lakh investors

Ranjit Kakoty charged in multi-crore Dibrugarh investment scam by CBI

The Central Bureau of Investigation (CBI) has filed a charge sheet against Ranjit Kakoty in connection with a major investment scam in Dibrugarh, Assam, involving fraud worth Rs.260 crore. The scam has affected approximately 1.5 lakh investors.

The charge sheet was submitted before the Special CBI Court in Guwahati on Friday, marking a significant step in the investigation.

Despite the complexity of the case, the CBI was able to complete its investigation within 90 days of Kakoty’s arrest.

The case revolves around fraudulent investment schemes operated by Kakoty and his co-conspirators through the online platform www.tradingfx.live. Investors were lured by false promises of high returns, with Kakoty and his associates misappropriating their funds for personal gain.

The CBI’s investigation employed advanced forensic tools to identify the majority of the defrauded investors. The accused deceived investors with misleading documents and false assurances, ultimately failing to deliver the promised returns and becoming unresponsive when investors sought their funds.

The case is part of a larger probe into 41 Assam investment scam cases that the CBI is investigating at the request of the Assam Government. This particular case was initially registered at the Dibrugarh police station after a complaint was filed by an investor who had been promised threefold returns within 18 months. However, the accused stopped returning the invested funds, leading to the complaint.

In addition to this case, the CBI has filed charge sheets against other accused individuals, including Bishal Phukan, Abhijit Chanda, Sumi Bora, and Tapon Bora, for their involvement in similar fraudulent schemes. These individuals were also accused of running an illegal deposit scheme that misled investors with false promises of guaranteed returns and manipulated documents to cover their tracks.

The CBI has intensified its investigation into the Assam investment scam, carrying out fresh searches across 93 locations in five states and Union Territories. These searches have resulted in the seizure of key electronic devices, such as mobile phones, laptops, and hard drives, which contained databases of investors who were deceived into participating in these unregulated schemes.

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