Guwahati, Nov 29: The Central Bureau of Investigation (CBI) has filed a chargesheet against Ranjit Kakoty in connection with another fraudulent online forex trading platform, Trading FX Live.
Kakoty, who served as both an agent and investor, allegedly defrauded numerous individuals by promising high returns from forex trading without permission from Reserve Bank of India (RBI) and Securities and Exchange Board of India (SEBI). The scam, which has a financial impact of ₹260 crore, has affected approximately 1.5 lakh investors.
Despite the complexities surrounding the case, the CBI completed its investigation into Kakoty’s role within 90 days of his arrest and presented the chargesheet before the Special CBI Court in Guwahati. However, the main officials behind the scam remain at large.
In an official statement, the CBI claimed the accused Ranjit Kakoty along with his co-conspirators, allegedly used deceptive plan documents, false promises, and other fraudulent practices to lure investors, promising returns up to threefold within 18 months. Instead, they misappropriated the collected funds, amounting to ₹260 crore, affecting 1.5 lakh investors.
Advanced forensic tools were employed to trace victims and analyze the scheme’s operations, leading to the recovery of databases containing depositor information. The case, initially registered at Dibrugarh Police Station, is one of 41 online trading fraud cases handed over to the CBI by the Assam government.
Since assuming responsibility, the CBI has intensified its efforts, conducting searches across 93 locations in five states and union territories, seizing electronic evidence such as mobile phones, desktops, hard drives, and laptops.
The investigation is ongoing as the CBI works to identify additional conspirators and uncover the full scope of the criminal conspiracy. Key officials of the fraudulent operation remain at large, but the agency continues to press forward in its pursuit of justice for the victims of this large-scale financial fraud.
The CBI has filed a chargesheet against four individuals—Bishal Phukan, Abhijit Chanda, Sumi Bora, and Tapon @ Tarkik Bora—in connection with case RC17E2024, marking another significant milestone in the investigation of financial scams linked to unregulated deposit schemes.
This case, like others in the ongoing probe, originated from a complaint at the Dibrugarh Police Station, alleging that Bishal Phukan was operating a fraudulent financial scheme in violation of the Reserve Bank of India (RBI) and Securities and Exchange Board of India (SEBI) guidelines. The CBI investigation uncovered evidence that these accused individuals orchestrated an illegal deposit-taking scheme. They employed deceptive tactics, such as using notarized stamp papers and falsified investment reports, to mislead investors with promises of guaranteed 30% returns on their investments.
Instead of fulfilling these promises, the accused siphoned off the funds for personal enrichment, causing significant financial losses to unsuspecting investors. The case represents part of a broader crackdown by the CBI on fraudulent financial schemes, many of which are tied to online platforms and unregulated investment operations.
The CBI has filed another chargesheet, this time against accused Monalisa Das, on November 18, as part of its ongoing investigation into financial scams. The case relates to allegations of a massive fraud orchestrated by DB Stock Consultancy, an organization co-owned by Deepankar Barman and Monalisa Das, alongside 7-8 employees. The firm allegedly defrauded numerous investors across India by misleading them about investment opportunities.
This case initially registered at Paltan Bazar Police Station in Guwahati, highlights the fraudulent activities of DB Stock Consultancy. The scheme extended to AJRS Marketing Pvt. Ltd., where Gopal Paul, identified as the primary accused, was apprehended by the CBI. Paul, who had been evading capture since the FIR was filed, was discovered at a hideout in Siliguri. The operation also led to the recovery of incriminating evidence linked to the scam.
In a related development, Sumi Bora, also accused in this case, remains in judicial custody after the Special Judge for CBI Cases in Guwahati rejected her bail application on November 19. The investigation into DB Stock Consultancy and its associates continues as the CBI works to uncover the full scope of the conspiracy and recover defrauded funds.
