Bishal Phukan Wikipeda, Biography: Bishal Phukan is a 22-year-old from Dibrugarh, Assam, who gained notoriety for his involvement in a massive financial scam. On September 2, 2024, he was arrested by the Assam police for allegedly defrauding investors of approximately ₹2,200 crore. His story is one of rapid rise and dramatic fall, marked by a luxurious lifestyle and deceitful practices.
Early Life And Education
Bishal Phukan was born in a modest family in Dibrugarh. He lost his father at a young age, which shaped his early life. Despite these challenges, he excelled in his studies. He graduated from Salt Brook Academy, where he developed an interest in commerce. At just 18, he entered the stock market, eager to make money.
Bishal Phukan Age, Height, Wikipedia, Biography, Net Worth
| Category | Details |
|---|---|
| Name | Bishal Phukan |
| Date of Birth | 2002 (exact date not specified) |
| Age | 22 years old |
| Birthplace | Dibrugarh, Assam, India |
| Education | Graduated in Commerce from Salt Brook Academy, Dibrugarh |
| Occupation | Businessman, Influencer, Music Composer, Producer |
| Companies Founded | 1. Percelia Pharmaceutical 2. Video Production Company 3. Construction Company 4. Other ventures |
| Investment Scheme | Promised 30% returns on investments within 60 days |
| Total Amount Defrauded | Approximately ₹2,200 crore |
| Number of Victims | Over 200 investors |
| Lifestyle | Luxurious lifestyle, owned expensive cars, traveled abroad, hosted lavish parties |
| Notable Events | - Funded sister's wedding in Udaipur - Engaged in skydiving in Dubai |
| Arrest Date | September 2, 2024 |
| Charges | Non-bailable offenses under the Banning of Unregulated Deposit Scheme Act, 2019 |
| Co-accused | Manager Biplab and others, including an investigation into his sister, Sumi Bora |
| Social Media Presence | Active on Facebook, claimed to have returned investors' money before his arrest |
| Current Status | In police custody, investigations ongoing |
Rise to Prominence
Bishal quickly learned the tricks of the trade. He promised investors a 30% return within 60 days, which initially attracted many. His charm and confidence helped him build a large network of investors in Assam and Arunachal Pradesh. He founded four companies, including those in pharmaceuticals and video production. His ventures included producing web series and investing in the Assamese film industry.
With the money he earned, Bishal lived a lavish lifestyle. He owned expensive cars, traveled frequently, and even funded his sister's extravagant wedding in Udaipur. He was known for hosting large parties and enjoyed activities like skydiving in Dubai. His social media presence made him a high-profile influencer, further luring in potential investors.
The Scam
Bishal's success was built on deceit. He collected money from investors under false pretenses, promising high returns that he could not sustain. While he initially paid some investors to maintain the illusion of legitimacy, the scheme eventually collapsed. The turning point came when a major stock fraud case involving DB Stock Broking was uncovered, leading to increased scrutiny of Bishal's operations.
As the investigation into DB Stock Broking intensified, many investors began to panic when their returns became irregular. Reports indicated that 23,000 investors filed complaints against the company. This scrutiny led authorities to Bishal, who attempted to reassure his investors through social media, claiming that their money was safe.
Arrest And Legal Troubles
On September 2, 2024, police raided Bishal's residence. During the raid, they found incriminating documents and other evidence linking him to the scam. Bishal was arrested along with his manager, Biplab. Both face serious charges, including non-bailable offenses. The police also detained a security personnel from his apartment and are investigating his sister, Sumi Bora, who is a choreographer and actress.
The Assam Chief Minister, Himanta Biswa Sarma, has since warned the public about the dangers of investing in fraudulent schemes. He emphasized the need for vigilance against such scams and assured that the authorities would take strict action against illegal brokers.
Frequently Asked Questions (FAQs) on Bishal Phukan
1. Who is Bishal Phukan?
Bishal Phukan is a 22-year-old man from Dibrugarh, Assam who was arrested for orchestrating a massive financial scam worth approximately ₹2,200 crore. He allegedly duped investors from Assam and Arunachal Pradesh by promising them 30% returns on their investments within 60 days.
2. How did Bishal Phukan Carry Out The Scam?
Bishal Phukan promised assured returns to investors and provided notarized documents to lend credibility to his scheme. He allegedly invested the funds in the stock market for his own benefit and registered himself with four companies in the pharmaceuticals, video production, and construction sectors.
3. What Was Bishal Phukan's Lifestyle Like?
Bishal Phukan lived a lavish lifestyle. He owned expensive cars, traveled frequently, and even funded his sister's extravagant wedding in Udaipur. He was known for hosting large parties and enjoyed activities like skydiving in Dubai. His social media presence made him a high-profile influencer, further luring in potential investors.
4. How Much Money did Bishal Phukan Defraud?
Bishal Phukan allegedly defrauded investors of approximately ₹2,200 crore. He was able to amass this huge sum before his fraudulent activities came to light.
5. What Happened After Bishal Phukan's Arrest?
After Bishal Phukan's arrest on September 2, 2024, the police seized foreign currency (UAE's Dirham), iPhones, and other incriminating documents from his residence. His PAN card details have been sent to the RBI for freezing his bank accounts.
6. Who Else is Involved in the Scam?
Bishal Phukan's manager Biplab, a security personnel from his apartment, and his sister Sumi Bora (a budding Assamese actor, choreographer and influencer) are also under investigation. Sumi Bora is believed to have benefited from the proceeds of the crime.
7. What is the Current Status of the Case?
Bishal Phukan and Biplab have been arrested under non-bailable offenses. They were produced in court after police remand and sent to judicial custody. The next date of hearing is set for September 18, 2024