Assam Govt Transfers 32 Online Trading Scam Cases to CBI for Thorough Investigation
Guwahati, September 13, 2024: The Assam Cabinet has officially decided to transfer 32 cases related to an online trading scam to the Central Bureau of Investigation (CBI), Chief Minister Himanta Biswa Sarma confirmed on Friday. The decision came after consultations with Union Home Minister Amit Shah. Sarma, while addressing the media following a cabinet meeting, explained that the transfer would take around a month due to necessary procedural steps.
The scam in question primarily involves firms run by individuals in their 20s, who allegedly raised hundreds of crores of rupees from investors by promising high returns on stock market investments. However, these firms have recently defaulted on their repayment obligations, leaving many investors in financial distress. So far, over 65 individuals have been arrested in connection with the scam.
In addition to the CBI probe, the state government has set up 14 Special Investigation Teams (SITs) to investigate the matter under the Banning of Unregulated Deposit Schemes Act, 2019, and the Bhartiya Nyaya Sanhita. These teams are working to ensure that all aspects of the fraud are thoroughly examined.
The Assam government’s decision to escalate the investigation highlights the seriousness with which it is tackling the issue. The aim is to ensure a comprehensive and transparent investigation, holding those responsible accountable and providing justice to affected investors.
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