In a significant breakthrough in the widely reported trading scam in Assam's Barak Valley, police have arrested the alleged mastermind, Jaideep Dutta, from the Srikhona area under Silchar police station. Dutta, who had been evading arrest for several months, was nabbed late Tuesday night by a Tarapur police team acting on specific intelligence inputs, officials confirmed.
Arrest and Investigation
Cachar Additional Superintendent of Police Rajat Kumar Pal stated on Wednesday that the accused had allegedly cheated multiple investors by promising unusually high returns through stock market trading. According to preliminary complaints, around one and a half years ago, Dutta collected nearly Rs 37 lakh from several individuals using fraudulent trading schemes. Pal further noted that the scam could be much larger in scale, with investigations suggesting that complaints have surfaced from across the three Barak Valley districts — Cachar, Hailakandi, and Sribhumi. The alleged misappropriation is estimated to be between Rs 15 crore and Rs 20 crore over the past 18 months.
Legal Proceedings
Dutta was produced before a local court on Wednesday, and police have sought his custody for further interrogation. The authorities are now working to trace the full extent of the scam and identify all victims involved.
This case has sent shockwaves through the region, highlighting the risks of unregulated investment schemes. The police have urged anyone who may have been defrauded to come forward and file complaints to aid the investigation.
