The main accused in the Rs 7,000 crore DB Stock scam of Assam has been arrested in Goa. The arrest of accused Dipankar Barman, a 29-year-old who posed as the director of DB Stock Broking was executed jointly by Assam police and Crime Branch of Goa.
Accused Dipankar allegedly lured investors with promises of high returns, only to disappear on August 21, leaving investors in humongous financial losses.
The scam got uncovered when the returns failed to materialise, and the Guwahati office or DB Stock Broking was found locked. The Assam Police were in a two-month manhunt which culminated in Goa after his capture.
Following his arrest, Barman will be presented before a court in Goa before being transferred to Guwahati under transit remand for further investigation into what has emerged as one of Assam’s largest financial frauds.
The company had began operations in 2018 and attracted investors from all parts of the country by offering schemes with high interest returns including 120% over a year and 54% over six months.