HT Correspondent
DIBRUGARH, May 22: Sumi Borah, one of the prime accused in the multi-crore online trading scam, was released from Dibrugarh Central Jail on Thursday evening after securing bail in all cases registered against her.
A popular actor and choreographer, Borah was arrested by the Special Task Force (STF) of Assam Police on September 12, 2024.
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She spent over eight months in judicial custody before completing bail formalities and walking out of the high-security prison around 7:10 pm.
Although she had received bail in the Dibrugarh Police Station case (Case No. 352/24) and Duliajan Police Station case (Case No. 198/24) in April, she remained in custody due to the pending Barbaruah Police Station case (Case No. 85/24). On May 21, the Gauhati High Court granted her bail in the Barbaruah case, clearing the way for her release.
Dressed in all black, Borah avoided media queries as she exited the prison.
Borah, along with 22-year-old Bishal Phukan—identified as the mastermind—and her husband Tarkik Borah, is accused of orchestrating the fraudulent scheme that duped hundreds of investors across Assam.
The high-profile case, reportedly Assam’s largest financial fraud to date, is currently under investigation by the Central Bureau of Investigation (CBI).
It may be noted that Phukan and Tarkik Borah were granted bail on May 3 after spending eight months in jail. Phukan was released from Dibrugarh Central Jail, while Tarkik Borah was released from Guwahati Central Jail the same day.
The scam came to light following Bishal Phukan’s arrest on September 3, 2024, which exposed a sophisticated operation promising investors a 100% return within 60 days. Instead, the accused allegedly funnelled the funds into shell companies and indulged in extravagant spending on luxury cars, five-star hotels, and designer jewellery.
Investigators allege that Sumi Borah and her husband played a crucial role in luring investors, using their public image to build trust. Social media evidence revealed a lavish lifestyle funded by the scam’s proceeds.
