Online Trading Scam: 68 Arrested for Duping People Through Fake Stock Market Investments, Assam CM Himanta Biswa Sarma Urges Citizens To Beware of Fraudsters
Assam Chief Minister Himanta Biswa Sarma said on Wednesday that at least 68 people have been arrested in connection with the Rs 2,200 crore online trading scam.
Guwahati, September 4: Assam Chief Minister Himanta Biswa Sarma said on Wednesday that at least 68 people have been arrested in connection with the Rs 2,200 crore online trading scam. Talking to reporters, CM Sarma said, "Police have arrested 68 persons who were involved in the online trading scam.
The investigation is on. Further details will be unearthed very soon. However, I want to appeal to citizens that they should not fall into the trap of fraudsters. Nobody on this earth can give anybody 25 or 30 per cent through trading." "I hope the general public saw in TV footage that the fraudsters lived a king-size life with public money. I urge every citizen not to waste your hard-earned money," the Chief Minister said. The Assam Police uncovered a large financial scam involving brokers who made false online stock market investments by promising to double people's money, officials said on Wednesday. Infiltration Attempt Foiled in Assam: CM Himanta Biswa Sarma Says 5 People Entering Indian Territory From Bangladesh Caught, ‘Pushed Back’.
Accused in Online Trading Scam in Assam
The police have arrested Swapnil Das, a resident of Guwahati and Vishal Phukan, a resident of Dibrugarh in connection with the crime. Several more arrests have been made and many other people are anticipated to be arrested soon. According to the police, Phukan used his lavish lifestyle to entice people and assured his investors a 30 percent return on their money within 60 days. In addition to investing in Assamese cinema, he had established four fictitious businesses and bought other houses. The police conducted a raid at his residence in Dibrugarh and seized documents linked to the multi-crore scam. Dhing Gang-Rape: 14-Year-Old Gang-Raped While Returning From Tuition Centre, Assam CM Himanta Biswa Sarma Assures Swift Action Against 'Monsters' After Locals Protest.
Meanwhile, police are now looking for Assamese choreographer and actress Sumi Borah, who is also reportedly connected to Phukan's network. Phukan had reportedly spent crores of rupees on Sumi Borah's wedding in Rajasthan's Udaipur. Sumi's husband has also come under the scanner of police and he is also on the run. Meanwhile, both Phukan and Das were produced in the Court on Wednesday and police sought their seven days custody.
(The above story first appeared on LatestLY on Sep 04, 2024 05:16 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).