CBI files fresh charge sheets against 18 accused in five “deposit fraud” cases in Assam.

The CBI has filed five more chargesheets in five cases against 18 accused in connection with the “unregulated deposit scam” in Assam. File | Photo Credit: PTI

The Central Bureau of Investigation (CBI) has filed five more charge sheets in five cases against 18 accused in connection with the “unauthorized deposit scam” in Assam.

The cases were filed in a special court in Guwahati. “These cases are being investigated by CBI Guwahati. These are apart from the four documents filed by the CBI Delhi, which is also investigating the Assam Ponzi Investment Scam cases,” the agency said on Monday. Out of the 18 accused, there are two organizations Upepithets Holdings Private Limited (UHPL) and Brahmaputra Sanchay and Biniyog Cooperative Society Limited (BSBCSL ).

In another incident, the CBI has filed charge sheets against Hemen Rava and Sankar Saha, director and manager of Upepithets Holdings. It is suspected that Mr. Rava persuaded the general public to enter into anonymous loan agreements on the pretext of high returns on investment and misused the funds. The accused had promised that they would return every month with 6% and more.

Another charge sheet named Jiten Deka, Indrani Das, Sanjib Deka, Himangshu Talukdar, and Brahmaputra Sanchay & Biniyog Cooperative Society. The case pertains to deposits collected by the public under the “Grihalakshmi” scheme. The defendant made false promises of returns of up to 15% per annum through unregulated deposit schemes. Agents are said to be given a commission ranging from 4% to 7% of the money deposited.

In the third paper, Mainao Brahma, Dipankar Bhatta, Jyotisman Sarma, and Sumit Barman were summoned, while Rishiraj Gogoi and Joy Modak – who were allegedly involved in running a stock trading business under the guise of their company Go Millions LLP to sell various cosmetics and other products – were placed in the fourth trial court.

The fifth charge sheet names Sankar Kumar Biswas, Rofiqul Islam, Dinesh Ch. Ray and Niranjan Kumar Malakar as accused. It is said that they have made a scheme to collect deposits through UPI/cash/cheques from different people to invest in the name of ‘Titan Capital Market’ and they have not misappropriated the amount received.