Guwahati, Feb 1: The Central Bureau of Investigation (CBI) has filed a second supplementary chargesheet against 22-year-old Deepankar Barman, the alleged mastermind behind the colossal DB Stock Consultancy Ponzi scheme, before the Special CBI Court in Guwahati on Saturday. Barman is accused of orchestrating a fraudulent investment operation that defrauded investors of over ₹7,000 crore across Assam and five other states.

Barman was arrested in Goa on October 27, 2024, by Guwahati Police and subsequently handed over to the CBI. The chargesheet was filed within 90 days of his arrest, and Barman remains in judicial custody.

CBI investigations revealed that Barman, along with key associates including Monalisha Das, Chabin Barman, Deepali Talukdar, and chartered accountant Mukesh Agrawal, operated DB Stock Consultancy as a fraudulent investment scheme. Investors were lured with promises of guaranteed high returns on transactions backed only by ₹100 stamp papers. Payments reportedly began faltering in June 2024, leaving thousands of investors unable to recover their funds.

The scam involved five unregulated deposit schemes, through which Barman directly collected over ₹400 crore. Many investors across Assam and beyond suffered massive financial losses as Barman and his associates allegedly disappeared with their money.

The CBI took over the investigation from Paltan Bazar Police Station on October 14, 2024, following a formal request from the Assam government. Since then, the investigation has resulted in multiple chargesheets being filed against Barman and his co-accused, who are currently facing trial.

The charges against Barman include Criminal Conspiracy (Section 120B), Criminal Breach of Trust (Section 409), Cheating (Section 420), and Falsification of Accounts (Section 477A) under the Indian Penal Code, along with violations of the Banning of Unregulated Deposit Schemes (BUDS) Act, 2019.

The DB Stock Consultancy scam is just one part of a broader financial fraud crackdown in Assam. The CBI has re-registered 41 cases, consolidating them into 35 FIRs involving various Ponzi schemes. Chargesheets have been filed in 20 cases so far, including high-profile scams like TradingFX (led by Ranjit Kakoty), Percelia Consultancy (headed by Bishal Phukan and Sumi Bora), and AJRS Marketing (led by Gopal Paul).

As authorities tighten the net around financial fraudsters exploiting investors, the DB Stock Consultancy case continues to unfold, underscoring the need for vigilance and stringent regulatory measures in the investment sector.

Read: Union Budget 2025-26 brings transformative opportunities for Northeast India

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