CBI Nabs Absconding Fraudster Mintu Das in Multi Crore Unregulated Investment Scheme Scam
(Judicial Quest News Network)
In a major breakthrough, the Central Bureau of Investigation (CBI) arrested Mintu Das, also known as Rohit Chandra Das, on December 3, 2024, in Delhi. Mintu Das, the proprietor of the Indian Institute of Banking & Information Technology (IIBIT) in Guwahati, had been evading authorities since the start of the investigation into his involvement in a fraudulent scheme targeting investors across Assam and beyond.
The CBI’s action follows a case initially registered by the Assam Police under Sections 120B, 406, and 420 of the Indian Penal Code, along with violations of the Banning of Unregulated Deposit Schemes Act, 2019. The FIR was filed on September 4, 2024, after allegations surfaced that Mintu Das had lured investors through deceptive advertisements promising lucrative returns from stock market investments. However, after receiving substantial deposits, he made minimal initial payouts before halting all payments and absconding with the funds in January 2024.
The investigation revealed that Das, through IIBIT’s advertisements, convinced victims across Assam and other states to invest large sums, falsely assuring them of safe, high-yield returns. After accepting the deposits, Das failed to honor the promised returns and even resorted to threatening those who sought legal recourse. The case escalated, leading to a re-registration by CBI in October 2024.
After months of intense investigation, involving digital evidence analysis and inputs from reliable sources, CBI successfully traced Mintu Das and arrested him. He is now being transported to Assam under transit remand, where he will be presented before the competent court.
The investigation continues as CBI works to unravel the full extent of the fraudulent operations.
