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Assam Police Uncover ₹2,200 Investment Scam; Himanta Biswa Sarma Warns Public

Authorities have apprehended two individuals: 22-year-old Vishal Phukan from Dibrugarh.

Asam BJP CM Himanta Biswa Sarma.

Assam Police Uncover ₹2,200 Investment Scam; Himanta Biswa Sarma Warns Public
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4 Sept 2024 4:17 PM IST

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The Assam Police have revealed a ₹2,200 crore financial scam involving fraudulent online stock investments.

Authorities have apprehended two individuals: 22-year-old Vishal Phukan from Dibrugarh and Swapnil Das from Guwahati.

Phukan, known for his extravagant lifestyle, promised a 30% return on investments within 60 days and established four fake companies.

Police raided Phukan's residence, seizing scam-related documents and are searching for choreographer Sumi Borah, also linked to the scheme.

Chief Minister Himanta Biswa Sarma advised the public to avoid online investment schemes promising quick returns, highlighting ongoing efforts to dismantle the fraudulent network and enforce regulatory compliance.

stock market scam Rs 2 200 crore online trading scam investment returns Himanta Biswa Sarma Bishal Phukan Assam Police Assam 
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