With the arrest of Pushpajit Purkayastha and Sandeep Gupta in Guwahati, the Central Bureau of Investigation (CBI) has made major progress in the multi-crore DB Stock Scam case.

Following a thorough investigation that exposed their significant roles in the Rs. 400-crore scam, the arrests were made on March 13. It is stated that Pushpajit Purkayastha, a former branch manager at Axis Bank's Rehbari Branch in Guwahati, conspired with DB Stock Consultancy to solicit deposits from the public by making exaggerated claims of large returns.

It was discovered that Sandeep Gupta, the primary agent and aggregator for DB Stock Consultancy, had colluded with Deepankar Barman, the primary accused, and other colleagues to defraud investors.

Over 10,000 people in India are thought to have been duped by the scam, which was planned by Barman's DB Stock Consultancy and promoted a fraudulent and unregulated deposit system. Promises of guaranteed high returns were used to entice victims, but they were kept in the dark when the company stopped making payments.

Deepankar Barman, his fiancée Monalisha Das, his parents Chabin and Deepali Barman, and chartered accountant Mukesh Agarwal have previously been charged by the CBI.

According to officials, the investigation is still ongoing, and as the agency works to fully expose the scam, more arrests are probably in the works.