CBI Arrests IIBIT Proprietor in Investment Fraud Case

The Central Bureau of Investigation (CBI) arrested Mintu Das, alias Rohit Chandra Das, owner of the Indian Institute of Banking & Information Technology (IIBIT), Guwahati, in Delhi. Accused of running a fraudulent investment scheme, Das allegedly lured victims with promises of high returns from stock market investments.

He ceased payments after minimal initial dividends, failed to return deposits, and absconded in January 2024. An FIR was filed under various IPC sections and the Banning of Unregulated Deposit Schemes Act, 2019. The accused is being brought to Assam on transit remand for court proceedings.