Guwahati: The Central Bureau of Investigation (CBI) has stepped up its investigation into an alleged multi-crore investment fraud with the arrest of Sanjay Bhagat, who is accused of duping investors through fraudulent online trading and investment schemes promising unusually high returns.
Bhagat was apprehended in West Bengal following an extended investigation into the suspected financial fraud. After his arrest, he was brought to Guwahati and produced before the Special CBI Court, where further legal proceedings were initiated.
According to the investigating agency’s preliminary findings, the accused allegedly lured investors into fake trading and investment plans by assuring them of lucrative profits. Authorities suspect that the scheme led to losses amounting to several crores of rupees, affecting multiple investors.
Officials said the investigation is now focused on establishing the full scale of the alleged fraud, identifying others who may have been associated with the operation, and tracing the movement of the funds collected from investors.
The CBI has not disclosed the total amount allegedly siphoned off or the exact number of victims involved, stating that the investigation remains at an active stage.
Further inquiries are underway, and the agency is expected to take additional action as more evidence emerges during the course of the investigation.
