Guwahati, Dec 17: The Central Bureau of Investigation (CBI) has filed five chargesheets in Guwahati against 18 individuals and companies involved in an online trading scam that defrauded thousands of investors in Assam. The accused include 16 private individuals and two companies: Upepithets Holdings Pvt. Ltd. (UHPL) and Brahmaputra Sanchay and Biniyog Cooperative Society Ltd. (BSBCSL).

According to the CBI, UHPL’s Director Hemen Rava and Manager Sankar Saha played key roles in orchestrating an illegal deposit scheme that misled investors with promises of high returns, leading to significant financial losses.