GUWAHATI: The Central Bureau of Investigation (CBI) has arrested Mintu Das alias Rohit Chandra Das, the proprietor of the Indian Institute of Banking & Information Technology (IIBIT), Guwahati, in Delhi on December 3. Das had been on the run for several months in connection with a case involving fraudulent activities and unregulated deposit schemes in Assam.
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The case was initially registered by the Bhangagarh Police Station in Kamrup (Metro) district, Assam, on September 4. The allegations included criminal conspiracy, breach of trust, and cheating under the Indian Penal Code, along with violations of the Banning of Unregulated Deposit Schemes Act, 2019. Following a request from the Assam government, the CBI re-registered the case on 14 October 2024 as RC-15/24, EO-III, and launched a comprehensive investigation.
According to the FIR, Das allegedly duped victims by placing newspaper advertisements promoting investment opportunities through IIBIT. He promised substantial dividends from stock market investments, claiming there was no risk involved. Initially, minimal returns were paid, but payments soon ceased, and Das failed to return the principal amounts. It is alleged that he fled in January 2024, leaving numerous investors defrauded.
Further investigation uncovered that Das had no intention of fulfilling his promises and had allegedly threatened complainants who sought legal recourse. Deposits were collected from investors across Assam and other states under false pretences, causing significant financial losses.
The CBI tracked and arrested Das. He is being brought to Assam on a transit remand and will be presented before the court.
The investigation into the case remains ongoing.
