The Central Bureau of Investigation (CBI) filed a charge sheet on Friday, November 29, 2024, against Ranjit Kakoty, the prime accused in a massive Rs260 crore trading scam that deceived around 1.5 lakh investors. The charge sheet was submitted to a special CBI court following an extensive investigation that the agency completed within 90 days of Kakoty’s arrest.
The accused, along with his co-conspirators, orchestrated the fraudulent scheme through the online platform tradingfx.live. By luring investors with promises of high returns on their investments, they executed deceptive trading practices that ultimately led to significant financial losses for the victims. The platform was designed to look legitimate, making it difficult for investors to recognize the fraudulent activities until it was too late.
The CBI investigation uncovered a web of false assurances and fraudulent transactions facilitated by Kakoty and his associates. The agency alleges that they used the platform to manipulate and deceive investors, offering them fake trading opportunities that resulted in substantial financial loss.
This charge sheet marks a major step in the legal proceedings against the accused, as the CBI continues to build its case. The agency has committed to ensuring that all those involved in the scam are brought to justice, while also working to secure restitution for the defrauded investors.
