Guwahati, 3rd September: The Assam police have detained a 22-year-old man, Bishal Phukan, in connection with an investment scam that allegedly deceived around 200 people, resulting in the loss of several crores of rupees. Phukan is accused of soliciting investments under the pretense of stock market trading, promising fixed returns of up to 30 percent or more within just 60 days.
Acting on intelligence, the Dibrugarh police launched a raid on Phukan’s residence in Dibrugarh town, where they successfully detained the accused who had been in hiding. Phukan reportedly lured individuals with notarized documents to lend credibility to his scheme, claiming that their money would be securely invested in the equities market.
However, instead of returning the promised profits, Phukan allegedly used the funds for personal gain, purchasing luxury cars, traveling abroad, and registering himself with four companies. Despite failing to fulfill his financial commitments, Phukan continued to attract victims with the allure of guaranteed returns.
The police are currently investigating the full extent of Phukan’s activities and are working to determine whether additional accomplices were involved in the scam.
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