DB Stock Broking Scam: CBI Says Parents Helped Fraudster Son Deepankar, Files Supplementary Chargesheet Against Parents and CA

Deepankar’s parents receiving proceeds from the scheme which they invested in real estate and other businesses for personal gain, CBI said

Chabin Barman and Deepali Talukdar Barman, parents of DB Stock Broking scam’s mastermind Deepankar Barman, helped their son in promoting and running the unregulated deposit scheme, and invested the proceeds in real estate and other businesses for personal gain, the Central Bureau of Investigation (CBI) said as it filed a supplementary chargesheet against Deepankar’s parents and his Chartered Accountant (CA), Mukesh Aggarwal for conspiring with Deepankar to conceal the proceeds of the scheme in the firm’s accounts.

The supplementary chargesheet has been filed against Chabin Barman, father of Deepankar, Deepali Talukdar Barman, mother of Deepankar and Deepankar’s Chartered Accountant, Mukesh Aggarwal. All the three are in judicial custody.

The charge sheet, submitted within 90 days of their arrest, also includes additional evidence against previously charge-sheeted accused Monalisha Das, a close associate of Deepankar.

“Investigation has revealed that M/s. DB Stock Consultancy, proprietorship of Deepankar Barman, has been accepting deposits from the public on the promise of higher fixed returns on their deposits. The proprietorship and its key managerial persons have been taking deposits in the name of five unregulated deposit schemes promising fixed higher returns. Deposits of more than Rs 400 crore have been taken by the said proprietorship of Deepankar Barman,” CBI said in an official release today.

During further investigation it was revealed that chargesheeted accused Monalisha Das acted in criminal conspiracy with accused persons to cheat thousands of depositors by taking deposits under the pretext of high returns and then defaulting on the same.

Chabin Barman, along with his wife Deepali Talukdar Barman and son Deepankar Barman, conspired to promote the unregulated deposit scheme of DB Consultancy at a promotional program at GMCH, Guwahati. Chabin Barman delivered a speech to solicit deposits into the scheme, and he, in collaboration with his son, ran the scheme for financial gain, receiving proceeds from DB Stock Consultancy and Deepankar’s accounts.

Deepali Talukdar Barman, in association with her family, participated in promoting and running the unregulated deposit scheme, receiving proceeds from the scheme which she invested in real estate and other businesses for personal gain.

Mukesh Agarwal conspired with Deepankar Barman to conceal the proceeds of the scheme in the firm’s accounts. Following Deepankar’s instructions, Mukesh Agarwal fabricated fake invoices and adjusted the illicit funds as loans in the firm’s books. He also created false financial documents, and manipulated IT and GST returns for Deepankar Barman, further aiding in the concealment of the proceeds from the unregulated deposit scheme, the CBI said in the release.

Further investigation is continuing against others including Deepankar Barman.

CBI had registered the instant case on October 14, 2024 on request of Government of Assam, taking over investigation of the case, originally registered by Paltan Bazar Police Station, Guwahati on August 21, 2024 against D.B. Stock Consultancy, owned by Deepankar Barman alongwith his close associate Monalisha Das and 7-8 employees of the organization. It was alleged that the accused persons have taken money from several clients by convincing them guaranteed returns and gave Rs.100 stamp paper in return as a proof but until last three months they have found the payments were irregular and many clients did not receive the payments.

The complainant further alleged that he invested Rs. one crore and along with him several thousands of clients invested thousands of crores in the organization, but the alleged accused person fled away alongwith amount invested by the clients, CBI said in the release.

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