Guwahati, April 14: The Central Bureau of Investigation (CBI) on March 13 arrested Pushpajit Purkayastha and Sandeep Gupta in Guwahati for their involvement in the multi-crore DB Stock Consultancy scam masterminded by Deepankar Barman.

Pushpajit Purkayastha, the former Branch Manager of Axis Bank’s Rehbari Branch in Guwahati, was found to have colluded with Barman to lure the public into investing in a fraudulent scheme with promises of high and guaranteed returns. Using his banking position, he targeted clients from Mumbai and Guwahati, earning hefty commissions for securing investments under false pretences.

Sandeep Gupta, the main agent and aggregator for DB Stock Consultancy, played a central role in the operation by referring over 350 clients, primarily from Dibrugarh, and collecting large sums with similar false promises. Investigators revealed that Gupta made lakhs in commissions through these referrals.

The CBI has already filed a chargesheet against the mastermind, Deepankar Barman, along with his fiancé Monalisha Das, his parents Chabin and Deepali Barman, and Chartered Accountant Mukesh Agarwal. The accused allegedly defrauded more than 10,000 investors across India of over ₹400 crore through an unregulated deposit scheme that ultimately defaulted.

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