In a significant breakthrough in the ₹400 crore DB Stock Consultancy scam, the Central Bureau of Investigation (CBI) has arrested two key individuals&mdash;Pushpajit Purkayastha and Sandeep Gupta&mdash;from Guwahati for their alleged active roles in the fraudulent investment scheme masterminded by Dipankar Barman.
Pushpajit Purkayastha, former branch manager of Axis Bank&rsquo;s Rehbari branch in Guwahati, is accused of colluding with DB Stock Consultancy to attract public deposits by making false promises of high and guaranteed returns. 
According to investigators, Purkayastha exploited his position to lure bank customers and investors in Mumbai and Guwahati into the illegal scheme, earning substantial commissions in the process.
Sandeep Gupta, identified as the primary agent and aggregator for DB Stock Consultancy, allegedly referred over 350 investors, particularly from Dibrugarh. He worked closely with the scam&rsquo;s main accused, Dipankar Barman, and other conspirators to collect funds under the guise of assured returns, pocketing lakhs in commissions from the deposits.
The CBI has already filed a chargesheet against&nbsp;Barman, along with his fianc&eacute;e Monalisha Das, his parents Chabin and Deepali Barman, and chartered accountant Mukesh Agarwal. The accused are believed to have duped over 10,000 people across India, collecting more than ₹400 crore through an unregulated and fraudulent deposit scheme, before defaulting on the promised returns.
Investigations are ongoing, and more arrests are likely as the agency continues to unravel the extent of the financial scam.
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DB Stock Consultancy scam mastermind Dipankar Barman

Accused colluded with consultancy to lure investors, earn hefty commissions

CBI Arrests 2 in ₹400 Cr DB Stock Scam Case

Accused colluded with consultancy to lure investors, earn hefty commissions

April 14, 2025 | 18:27 IST