Guwahati: Guwahati witnessed further developments in the M/s DB Stock Consultancy scam as the Central Bureau of Investigation (CBI) apprehended two key individuals, Pushpajit Purkayastha and Sandeep Gupta, on April 13, 2025. The arrests follow a thorough investigation into the fraudulent scheme orchestrated by the alleged mastermind, Deepankar Barman, which operated within the city.
The CBI’s investigation has unveiled the alleged complicity of Pushpajit Purkayastha, the former Branch Manager of Axis Bank’s Rehbari Branch in Guwahati. According to the findings, Purkayastha purportedly collaborated with DB Stock Consultancy to entice the public into depositing funds by making deceptive promises of substantial returns on their investments. The probe indicates that he allegedly conspired with Deepankar Barman to persuade bank clients and other investors to participate in the scheme through these misleading guarantees. Furthermore, it is alleged that Purkayastha illicitly profited through commissions for introducing unsuspecting investors to the fraudulent operation, managing clients primarily in Mumbai and Guwahati and exploiting his professional standing to facilitate the illicit activities.
The other individual arrested, Sandeep Gupta, is identified as the principal agent and aggregator for DB Stock Consultancy. Investigations suggest that Gupta allegedly conspired with the primary accused, Deepankar Barman, and other accomplices in the operation of DB Stock, an illegal deposit-taking venture. He is accused of managing a client base and investors from Dibrugarh, reportedly referring over 350 individuals and soliciting investments from them based on false assurances of high returns. The investigation further indicates that Gupta allegedly earned significant sums in commissions from DB Stock Consultancy for the referrals and deposits he facilitated through his network.
It is noteworthy that the CBI has already filed a chargesheet against the alleged central figure of the scam, Deepankar Barman, along with his fiancé Monalisha Das, his parents Chabin Barman and Deepali Barman, and Mukesh Agarwal, a Chartered Accountant. Deepankar Barman, the owner of DB Stock, stands accused of defrauding over 10,000 individuals across the nation of more than Rs 400 Crores. This was allegedly achieved by enticing them to invest in an unregulated and fraudulent deposit scheme with fabricated promises of fixed and high returns, subsequently defaulting on these promised payments.
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