CBI sources indicate that Purkayastha played a pivotal role in facilitating financial transactions for DB Stock Consultancy, allegedly aiding in the diversion of funds collected from investors. Gupta is suspected of assisting in laundering the defrauded money through various business channels.
The DB Stock Consultancy scam, orchestrated by 22-year-old Deepankar Barman, involved collecting deposits from the public under the guise of high-return investment schemes. The firm operated five unregulated deposit schemes, promising fixed returns and issuing ₹100 stamp papers as proof of investment. However, by mid-2024, payouts became irregular, and many investors ceased receiving returns.
Investigations reveal that Barman, along with key associates including Monalisha Das, Chabin Barman, Deepali Talukdar, and Chartered Accountant Mukesh Agrawal, managed the fraudulent operations. The group allegedly used the collected funds to acquire properties and assets, some registered in their names. Agrawal is accused of fabricating financial records to conceal the illicit proceeds.
The CBI took over the case on October 14, 2024, following a request from the Assam government. The agency has since filed multiple chargesheets, including a second supplementary chargesheet against Barman within 90 days of his arrest. He remains in judicial custody.