Guwahati, May 1: The Gauhati High Court on Thursday granted bail to Tarkik Borah (alias Tapan Borah) and Bishal Phukan in connection with the high-profile online trading scam registered at Barbaruah police station in Dibrugarh district.

Justice Parthivjyoti Saikia issued the bail order, offering temporary relief to the two accused, who had been under judicial custody for several months. However, procedural delays and the unavailability of the official court order have prevented their immediate release from Guwahati Central Jail.

The case involves a multi-crore financial fraud allegedly masterminded by 22-year-old Bishal Phukan, who reportedly duped over 1,500 investors by promising returns of nearly double their investment within 60 days. Victims claim they took out bank loans and even sold gold jewellery to invest in the scheme.

Initially, Phukan returned small investments along with interest to build trust, but stopped payouts once people began depositing larger amounts.

The scam came to light with Phukan’s arrest on September 3 last year and was followed by the arrests of several others, including Sumi Borah, her husband Tarkik Borah, and brother-in-law Amlan Borah.

While Phukan and Tarkik Borah have now secured bail, co-accused Sumi Borah remains in custody, with her bail plea still pending before the court.

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