The Central Bureau of Investigation (CBI) has filed a charge sheet against Ranjit Kakoty, associated with the online trading platform TradingFX, for allegedly defrauding ₹260 crore from over 1.5 lakh investors in Assam.
The case is one among 41 related to online trading scams in the state currently under the CBI’s purview.
Kakoty, presently in judicial custody, allegedly lured investors with misleading plan documents, false promises, and fraudulent schemes.
According to the CBI, the accused exploited the online platform www.tradingfx.live to plan the fraud, appropriating the hard-earned money of investors for personal gain.
“The CBI used advanced forensic tools to identify the majority of the investors who were victims of the fraudulent scheme perpetrated by the accused through the online platform www.tradingfx.live,” read an official statement from the agency.
This case stems from an FIR initially filed by Dibrugarh police, alleging that Kakoty and his associates had promised gullible investors a three-fold return on their investments within 18 months.
However, the accused stopped fulfilling the promised returns and became unresponsive, the FIR stated.
On the Assam government’s request, the CBI took over the investigation into the investment scam cases.
Since assuming charge, the agency has expedited its efforts, carrying out searches at 93 locations across five states and union territories.
These operations led to the seizure of electronic devices, including mobile phones, desktops, hard drives, and laptops.
“During the investigation, the CBI has successfully traced databases containing details of depositors who were deceived into investing in these unregulated deposit schemes,” the CBI said in its statement.
In a related case, the agency filed another charge sheet on Thursday concerning an online trading scam in Dibrugarh.
The accused—Bishal Phukan, Abhijit Chanda, actor Sumi Bora, and Tapon alias Tarkik Bora—allegedly ran an illegal deposit scheme.
“They used deceptive means, including notarised stamp papers and falsified investment reports, to lure investors with the promise of guaranteed 30 per cent returns. They cheated the investors and misappropriated the deposits for their personal gains,” the statement added.
The cases underline a growing trend of online scams exploiting unregulated deposit schemes, leaving thousands of investors defrauded and prompting significant investigative efforts by the CBI.
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