Stock trading scam: Assam actor Sumi Borah, her husband detained

Assam police detain actor Sumi Borah and husband for ₹2,200 crore online stock trading scam; couple surrenders.

GUWAHATI:

The Assam police on Thursday (September 12, 2024) detained actor-choreographer Sumi Borah and her photographer husband Tarkik Bora for their alleged involvement in an online stock trading scam estimated to be worth at least ₹2,200 crore.

The scam, in operation for almost three years, entailed investing the money collected from clients in “shares” of companies with the promise of almost double the return in 60 days. The money was allegedly invested in some private unlisted companies through ‘cosmetic accounting’, a white-collar crime of manipulating financial reports to align with specific interests.

The State police’s Special Task Force (STF) detained the couple in eastern Assam’s Dibrugarh where they surrendered after reportedly hiding in Teok, about 115 km west in the Jorhat district, for about 10 days after a “lookout” notice was issued against the duo, the actor’s brother and her sister-in-law.

“The game is up for them. Compliments to the Team STF,” Assam’s Director General of Police, Gyanendra Pratap Singh posted on X.

The police made a breakthrough on September 11 by arresting Tarkik Borah’s brother Amlan Borah from Bihar. His arrest is seen as a major development in unravelling the extent of the couple’s alleged involvement in the scam.

Hours later, the actor took to social media to announce her decision to surrender. Denying her involvement in the financial fraud, she said she was made a victim of a media trial.