GUWAHATI: The Assam Police has set up special investigation teams (SITs) to investigate and address cases of illegal online trading in the state.
Assam Chief Minister Himanta Biswa Sarma announced on Saturday that the government may recommend a CBI investigation into the illegal online trading scam uncovered in the state, if necessary at a later time.
CM Sarma added, “No one can evade the police for long.”
According to police, 59 arrests have been made, 22 look-out circulars issued, and 14 SITs formed in connection with the online trading scam.
The cases have been investigated under the Banning of Unregulated Deposit Schemes Act, 2019, and relevant sections of the Bhartiya Nyaya Samhita.
Notably, numerous online trading companies in the state have operated illegally, disregarding SEBI and RBI regulations, resulting in substantial financial losses for investors.
Taking to social networking site ‘X’, DGP GP Singh wrote, “ For proper investigation of the cases registered in connection with Unregulated Deposit Schemes Act, 14 SITs have been formed which would report to Supervision & Monitoring group at @AssamCid Hq under ADGP & IGP CID.”
A number of traders involved in these firms have been apprehended, but many others are still at large.
“For those who have not joined investigation despite Notices, 22 Look Out Circulars (LOC) have been initiated. The cases have been registered under Banning of Unregulated Deposit Schemes Act 2019 and appropriate sections of Bhartiya Nyaya Samhita,” Singh said.
He also said a case registered in Dibrugarh police station against a prime accused in one of the major scams has been transferred to the police’s Criminal Investigation Department (CID), with the CID instructed to form a Special Investigation Team (SIT) to probe the case.
The DGP also said action against two police personnel has been initiated for involvement in these schemes.
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“Lance Naik Saroj Deka of @AssamCid who has been found to be actively involved in unregulated deposit schemes has been dismissed from service today under Article 311(2)(b) of the Constitution of India and Rule 10(ii) of the Assam Services (Discipline and Appeal) Rules 1964,” he said.
“In view of allegations of unwarranted proximity with certain persons involved in unregulated deposit schemes & pending drawal of Departmental Proceeding, Inspector Jitumoni Deka, O/C Golaghat PS of Golaghat DEF has been placed under Suspension with immediate effect,” Singh said.
