Victims of online trading scams have hope for recovery under buds act assam dgp

A provision of the Unregulated Deposit Schemes Act, 2019 may allow thousands of victims who were defrauded of crores of rupees by con artists in internet trading scams to get some of their money back. Director General of Police GP Singh made this announcement on Monday. He also stated that victims will have to wait for the investigations into other unregulated trading frauds to conclude.

In numerous fraudulent deposit schemes, people frequently inquire as to whether investors would be able to get their money back. In response to inquiries about the arrest of DB Stock scam mastermind Dipankar Barman, he told the media, “I would like to inform them that there is a provision under the UDS Act according to which all assets of the accused in these scams will be liquidated and distributed among the investors, but that is the final phase of the investigation.”

He went on to say that Assam Police had confiscated a number of assets from the scammers during their probe. Similar steps are also being taken by the Central Bureau of Investigation, which is now looking into 41 such cases. In the meantime, the DGP announced that Barman, the mastermind behind the DB Stock fraud, would be returned to Guwahati today following his latest arrest. “We couldn’t bring the accused to Guwahati earlier because it took time to grant transit remand, but he will arrive by air today,” DGP Singh stated. Additionally, DGP Singh reaffirmed that offenders frequently leave traces that eventually result in their apprehension. “Every criminal leaves a footprint, so it is impossible to avoid arrest after committing a crime for very long,” he continued.

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