DB Stock Consultancy scam: CBI files supplementary chargesheet against 3 accused
The DB Stock Consultancy scam case continues to unravel as the Central Bureau of Investigation (CBI) filed a supplementary chargesheet against three additional accused individuals- Chabin Barman, Deepali Talukdar Barman, and Mukesh Aggarwal. The chargesheet was filed before the Special CBI Court in Guwahati.
The scam, one of the largest online trading frauds in India, involved the siphoning of Rs 7,000 crore from investors across six states.
The supplementary chargesheet was submitted within the 90-day timeframe following the arrest of the accused. These three individuals are currently under judicial custody.
Evidence has also been filed against Monalisha Das, an accused previously named in the case, highlighting the thoroughness of the investigation.
The CBI took over the investigation on October 14 based on a request from the Assam government. The case was initially registered by Paltan Bazar Police Station on August 21.
The scam centred on DB Stock Consultancy, owned by Deepankar Barman, along with his close associate Monalisha Das and a group of 7-8 employees.
This case underscores the massive scale of online trading fraud and the proactive steps taken by law enforcement to bring the culprits to justice. The supplementary chargesheet adds to the growing body of evidence against the accused, with the investigation poised to reveal more details about the extent of the scam.
The investigation has revealed a well-orchestrated scheme involving multiple accused individuals working in tandem to defraud thousands of investors under the guise of guaranteed high returns.
It has been alleged that the accused convinced clients to invest by guaranteeing high fixed returns on their deposits. Investors were given Rs 100 stamp papers as “proof” of the agreements. But payments became irregular, and many investors, including a complainant who invested ₹1 crore, stopped receiving returns.
DB Stock Consultancy, owned by Deepankar Barman, operated five unregulated deposit schemes, collecting over ₹400 crore from unsuspecting investors. The schemes were promoted at events, including one at GMCH, Guwahati, where Chabin Barman solicited deposits.
Monalisha Das played a key role in conspiring to deceive depositors, taking funds under false pretenses and defaulting on payments.
Chabin Barman collaborated with his son, Deepankar Barman, to promote the schemes for financial gain.
Deepali Talukdar Barman actively participated in running the schemes, using proceeds to invest in real estate and other personal ventures.
Mukesh Agarwal, a Chartered Accountant, helped Deepankar Barman hide the proceeds of the scam by creating fake invoices, adjusting funds in the firm’s books as loans, manipulating IT and GST returns and fabricating false financial documents to obscure illicit gains.
The scam was carefully designed, with promotional programs and deceptive guarantees to lure depositors. The funds collected were systematically laundered through various means, including real estate investments and falsified financial records.
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