Assam Police arrests Dipankar Barman, mastermind of multi-crore online trading scam

Guwahati: Assam Police has got a three-day transit remand for Dipankar Barman the owner of DB Stocks and the mastermind behind the multi-crore online trading scam.

Guwahati Commissioner of Police Diganta Barah stated that Barman was presented in Pernem Court. Barah mentioned that “technical analysis” helped trace Barman to Goa.

He detailed how a team of four police personnel, led by Pan Bazar ACP Amit Mahato, managed to apprehend the accused, who had eluded arrest for months. “The day before, based on new investigation leads, we registered a new case against Barman at Paltan Bazar Police Station and sent the team to Goa. They were in Goa for two weeks.”


Barman had stopped all telephonic and social media interactions and frequently changed his location, making it difficult for us to trace him.

Barah, “Based on that, we developed sources with the help of the Goa Crime Branch. Ultimately, these sources informed us of Barman's whereabouts. In the evening, our team in Goa devised a plan and identified likely places where he could be. They then set a trap near Arambol beach and apprehended Barman.”

Barah revealed that the scamster was residing in a homestay in an isolated area far from the town in Goa. “In the homestay, he was staying alone. When we searched the room, we seized cash worth over Rs 27 lakh, his passport, and the jewellery he was wearing. We haven't conducted much spot interrogation; thorough questioning will only occur once we bring him to Guwahati and obtain his custody from the court,” the Police Commissioner added.

The Centre has asked the Central Bureau of Investigation (CBI) to probe 41 cases linked to online trading scam in Assam.

In September, the Assam Cabinet decided to transfer the cases to the CBI. Over 65 people have been arrested in connection with the scam, and 14 Special Investigation Teams (SITs) have been established to investigate cases registered under the Banning of Unregulated Deposit Schemes Act.

Police stated, “Absconding accused Dipankar Barman of DB Stock scam has been arrested in Goa by a Team from CGPD under leadership of Amit Mahato, IPS, ACP Pan Bazar with the support of Crime Branch of Goa Police
in connection with an ongoing investigation.