CBI arrests wanted proprietor of IIBIT Guwahti in investment scam
Wanted accused Mintu Das had assured them that their investments would be placed in the stock market, promising substantial dividends : CBI
New Delhi, December 5
In a significant development in the case, te CBI arrested proprietor of the Indian Institute of Banking & Information Technology (IIBIT), Guwahati, who was on the run.
The accused was identified as Mintu Das alias Rohit Chandra Das.
The CBI stated that was registered under Sections 120B, 406, and 420 of the Indian Penal Code, read with Sections 21(1), 21(2), 21(3), and 23 of the Banning of Unregulated Deposit Schemes Act, 2019. O the request of Assam Govt CBI re-registered the case in October and initiated an extensive investigation.
The FIR alleged that victims had invested substantial amounts of money after being lured by advertisements placed by IIBIT in newspapers.
Das had assured them that their investments would be placed in the stock market, promising substantial dividends. However, after paying minimal dividends initially, he ceased payments and failed to return the deposited amounts. Furthermore, the accused absconded in January 2024 after committing the alleged offence.
Investigation has revealed that Mintu Das had issued advertisements in newspapers, encouraging potential investors to contact him, promising substantial returns from stock market investments without risks. Several deposits were received from investors across Assam and other States, with no intention to deliver on the promised dividends or return the principal amounts. The accused also allegedly issued threats to complainants who sought legal remedies to recover their investments.
CBI's persistent efforts has led to tracking Shri Mintu Das through analysis of digital evidence and inputs from reliable sources which led to his arrest, officials added.
