Massive Scam Unveiled as Thousands Lose Crores in Illegal Investment App in Assam

In a shocking revelation on Thursday, a large-scale scam unfolded in Assam’s Jorhat district, where thousands of individuals were duped of crores of rupees by investing in an illicit app orchestrated by a group of fraudsters based in Mumbai. Approximately 60 percent of the victims hailed from Assam.

Ranjit Pegu, a lecturer in the political science department at Bahna College, Jorhat, played a role in introducing the fraudulent Blackstone app to numerous individuals in Assam through Telegram. The app, promising profits, abruptly ceased operations, leaving investors in dismay as the fraudsters made away with all the invested funds.

Amidst the chaos, Ranjit Pegu, the app’s local promoter, took action by filing a First Information Report (FIR) at the Bhogdoi police station. As victims grapple with the sudden closure of the app and financial losses, ongoing investigations seek to uncover the full extent of this elaborate scam.