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His deceit came to light as a major stock scam came to light in Guwahati.
Bishal Phukan allegedly set up four companies in the pharmaceutical, manufacturing and construction industries through fraudulent activities.
Bishal Phukan, a 22-year-old man from Assam, has been accused of masterminding a massive financial scam involving around Rs 2,200 crore. Pukkan, who hails from Dibrugarh, has attracted attention with his lavish lifestyle and high-profile spending, attracting investors from Assam and Arunachal Pradesh with the promise of getting 30 million in just 60 days % return on investment.
Pukan allegedly established four companies through fraudulent activities, involving the pharmaceutical, manufacturing and construction industries. He also invested in the Assam film industry and acquired several properties. His deceit was exposed after a major stock scam came to light in Guwahati.
The investigation intensified after the disappearance of DB Stock Brokerage owner Dipankar Burman, leading to growing suspicions about Phukan. Immediately after the police launched an investigation into his activities, Bishar took to Facebook to assure the public that he had returned all funds to investors, claiming that their funds were safe.
Despite Pukkan's attempts to calm the situation, the Dibrugarh police raided Pukkan's residence on the evening of September 2, leading to his arrest and his manager Biplab's arrest. Both face non-bailable charges.
In view of the seriousness of the situation, Assam Chief Minister Himanta Biswa Sarma has ordered a comprehensive investigation into all cases of transaction fraud to ensure justice and accountability.
