The Central Bureau of Investigation (CBI) on Monday filed five more chargesheets in five separate cases against 18 accused in the Assam Ponzi scam. &nbsp;The agency named16 people and two organizations namely Upepithets Holdings Pvt Ltd (UHPL) and Brahmaputra Sanchay &amp; Biniyog Cooperative Society Ltd (BSBCSL) as accused. 
Being investigated by CBI Guwahati, these cases are additions to the four cases the agency&rsquo;s Delhi headquarters is currently investigating.
The central agency filed chargesheet against three accused namely Hemen Rava, Director, Sankar Saha, Manager and Upepithets Holdings Pvt Ltd before the Special CBI court in Guwahati. &nbsp;
It is one of the Assam investment scam cases being investigated by the CBI at the behest of Assam government. The case against Hemen Rava alleged that he was engaged in a financial scam which was in direct contravention of Reserve Bank of India and Securities and Exchange Board of India (SEBI) guidelines. 
According to the allegations, Rava induced people to enter notarized loan agreements with promises of high returns on investments. He allegedly misappropriated funds for his personal gains, thereby defrauding his clients, who fell prey to his scheme.
The investigation, conducted by the CBI has unearthed substantial material evidence against the two accused persons and Upepithets Holdings Pvt Ltd. Investigation has established that the accused were involved in orchestrating an illegal deposit scheme that solicited funds from investors under false pretence. They used deceptive means, including notarized stamp papers, to lure investors with the promise of guaranteed monthly returns of 6% and above. 
Meanwhile, another chargesheet was filed against five accused including four private persons before CBI special court. The accused named include Jiten Deka, the then chairman, Indrani Das, Branch Manager, Azara Branch, Sanjib Deka, Secretary, Himangshu Talukdar, Chairman &amp; Brahmaputra Sanchay &amp; Biniyog Cooperative Society Ltd.
The case pertains to deposits collected by Brahmaputra Sanchay &amp; Biniyog Cooperative Society under the scheme name &ldquo;Grihalakshmi&rdquo;. Investors were allegedly lured with promises of substantial returns such as bonus and/or interest. Subsequently, the deposits were allegedly misappropriated by the accused persons.
The accused made false promise of high returns upto 15% annually through the unregulated deposit schemes. Accused Jiten Deka and others solicited agents/investors to the BSBC Grihalakshmi scheme, where agents were offered commission ranging from 4% to 7% on the deposited amounts.
Four people including Mainao Brahma, Dipankar Bhatta, Jyotisman Sarma and Sumit Barman were named in a chargesheet by the CBI for running an unregulated deposit scheme with the intention to defraud the people. All accused are currently in judicial custody. 
The CBI also filed a chargesheet against two private persons namely Rishiraj Gogoi and Joy Modak before the Guwahati CBI special court, Guwahati, for running a stock trading business under the guise of their company &ldquo;Go Millions LLP&rdquo; formed for selling cosmetics among other products. 
They lured investors by promising them high returns and cheated them by misappropriating their investment. They collected payments via UPI or bank transactions. &nbsp;
Four more people Sankar Kumar Biswas, Rofiqul Islam, Dinesh Ray and Niranjan Kumar Malakar were also implicated in a scam case by the CBI. In cahoots with each other, the accused arranged to collect investment deposits through UPI, cash or cheques under the name &ldquo;Titan Capital Market&rdquo;. They cheated their &lsquo;clients&rsquo; and did not deliver on their high-return promise. 
​During the investigation, CBI successfully traced databases containing details of depositors who were deceived into investing in these unregulated deposit schemes.
Further investigations of the Assam Ponzi scam is currently underway.

CBI is investigating various cases under the Assam Ponzi Scam

Over 18 accused persons implicated in unregulated deposit schemes fraud

CBI Files 5 More Chargesheets in Assam Ponzi Scam

Over 18 accused persons implicated in unregulated deposit schemes fraud

December 16, 2024 | 19:16 IST