CBI Files Supplementary Chargesheet Against DB Stock Scam Mastermind Deepankar Barman
First Published: 1st February, 2025 18:01 IST
CBI has filed a second supplementary chargesheet against Deepankar Barman, the mastermind behind the massive DB Stock Consultancy Scam.
The Central Bureau of Investigation (CBI) has filed a second supplementary chargesheet against Deepankar Barman, the mastermind behind the massive DB Stock Consultancy Scam, before the Special CBI Court in Guwahati. The chargesheet was submitted within 90 days of his arrest, and Barman remains in judicial custody.
The case was initially registered at Paltan Bazar Police Station in Guwahati on August 21, 2024, before being handed over to the CBI on October 14, 2024, at the request of the Assam government. Investigations revealed that DB Stock Consultancy, owned by Barman, operated a large-scale financial scam in collaboration with key accused Monalisa Das and several other employees.
The accused allegedly lured thousands of investors by promising guaranteed high returns. As a false assurance, they provided investors with Rs. 100 stamp papers as proof of investment. However, by June 2024, payouts became irregular, and many investors stopped receiving returns. One complainant, who invested Rs. 1 crore, alleged that thousands of investors collectively lost thousands of crores as Barman and his associates absconded with the funds.
CBI’s investigation uncovered that DB Stock Consultancy functioned as a Ponzi scheme, attracting deposits under five unregulated schemes with promises of fixed high returns. The fraudulent operation amassed over Rs. 400 crore from unsuspecting investors.
Chargesheets have already been filed against four co-accused Monalisa Das, Chabin Barman, Deepali Talukdar, and Chartered Accountant Mukesh Agrawal who are currently facing trial. The latest chargesheet names Deepankar Barman as the mastermind and charges him under multiple sections of the Indian Penal Code (IPC) and the Banning of Unregulated Deposit Schemes (BUDS) Act, 2019, including Criminal conspiracy (Section 120B IPC / Section 61(2) BNS) and many others.
The DB Stock case is part of a larger crackdown by the CBI on financial fraud in Assam. The agency has re-registered 41 cases handed over by the Assam government, consolidating them into 35 FIRs against multiple financial fraudsters.
So far, chargesheets have been filed in 20 of these cases, including the TradingFX scam involving Ranjit Kakoty, the Percelia Consultancy scam involving Bishal Phukan and Sumi Bora, and the AJRS Marketing scam involving Gopal Paul. The CBI has assured that investigations are still underway to trace the remaining accused and recover the defrauded funds. Authorities are also working to strengthen regulatory measures to prevent such large-scale investment frauds in the future.
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