GUWAHATI: The Central Bureau of Investigation (CBI) on April 13, arrested Pushpajit Purkayastha and Sandeep Gupta in Guwahati in connection with a ₹400-crore scam involving DB Stock Consultancy. The company is accused of defrauding over 10,000 investors across India by promising high returns on investments through an unauthorised deposit scheme.
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According to the CBI, Pushpajit Purkayastha, a former Branch Manager at Axis Bank’s Rehbari Branch in Guwahati, allegedly conspired with the main accused, Deepankar Barman, to attract investors. He is said to have used his position at the bank to bring in clients from Guwahati and Mumbai and was paid significant commissions for referrals.
Sandeep Gupta, identified as a key agent for DB Stock, reportedly recruited over 350 investors from Dibrugarh. Investigators revealed that he earned lakhs of rupees in commission by operating a network based on misleading promises.
The CBI has already filed a chargesheet against Deepankar Barman, his fiancée Monalisha Das, his parents Chabin and Deepali Barman, and Chartered Accountant Mukesh Agarwal. Barman, the owner of DB Stock Consultancy, allegedly ran the unregulated deposit scheme across the country, collecting large amounts before defaulting on investor payments.
