The Dibrugarh police in Assam have detained three more individuals in connection with a multi-crore online investment scam. The police have also seized documents and items from the main accused's office and have launched a search operation to unearth the alleged scam. The 22-year-old kingpin, Bishal Phukan, is accused of amassing crores of rupees from people through investments in the stock market, a practice warned against by SEBI. Police have also arrested Phukan and his associate, and are conducting search operations in various places of Assam to apprehend other suspects involved in the scam.
Dibrugarh Police Crackdown on Multi-Crore Online Investment Scam
Background and Recent Arrests
The Dibrugarh police have intensified their investigation into a massive online investment scam that has allegedly defrauded numerous individuals in Assam. The scam came to light after complaints were filed by victims who claimed to have lost substantial sums of money after investing in a stock market scheme promoted by the accused.
Recently, the Dibrugarh police detained three more individuals in connection with the scam. This brings the total number of arrests to five, including the alleged kingpin, 22-year-old Bishal Phukan. Phukan is accused of amassing crores of rupees (tens of millions of dollars) by promising high returns on investments in the stock market.
Investigation and Search Operations
The police have launched a thorough investigation into the matter and have seized documents and items from Phukan's office. They have also initiated a search operation to uncover the full extent of the alleged scam and apprehend any other suspects involved.
Warnings from SEBI
The Securities and Exchange Board of India (SEBI) had previously issued warnings against the practice of soliciting investments in the stock market through unauthorized platforms. SEBI has emphasized the need for investors to only deal with registered entities and be wary of fraudulent schemes offering unrealistic returns.
Top 5 FAQs and Answers
1. Who is the alleged kingpin of the scam? Answer: Bishal Phukan, a 22-year-old from Assam.
2. How much money is believed to have been defrauded? Answer: Crores of rupees (tens of millions of dollars).
3. What were the victims promised in return for their investments? Answer: High returns on investments in the stock market.
4. What action has the police taken so far? Answer: Detained three more individuals, seized documents, and launched a search operation.
5. What advice has SEBI issued regarding investment scams? Answer: Investors should only deal with registered entities and be wary of fraudulent schemes offering unrealistic returns.
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