Guwahati | The Central Bureau of Investigation (CBI) has arrested Sanjay Bhagat, the alleged mastermind behind a multi-crore online investment and trading scam. According to the agency, Bhagat allegedly operated fraudulent trading and investment platforms that promised exceptionally high returns, thereby cheating investors of crores of rupees. Following his arrest, he was produced before the Special CBI Court in Guwahati, where further judicial proceedings are underway.
According to the preliminary investigation, Bhagat allegedly ran fake online investment schemes that attracted a large number of investors by promising substantial profits within a short period. Investigators allege that the funds collected from investors were misappropriated and routed through multiple financial transactions.
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The CBI said the arrest followed a prolonged investigation into the alleged financial fraud. Based on technical evidence, financial records, and other material collected during the probe, the agency apprehended Bhagat from West Bengal and subsequently brought him to Guwahati for further legal proceedings.
After his arrest, Bhagat was produced before the Special CBI Court, where the agency initiated the next phase of its investigation through the prescribed legal process. Further proceedings in the case will depend on the progress of the investigation and the evidence presented before the court.
Investigators are now analysing the complete financial trail of the alleged scam. The probe includes scrutiny of bank accounts, digital transactions, investment records, and other financial documents to determine how investors’ funds were allegedly diverted and identify the ultimate beneficiaries. The agency is also examining the possible involvement of other individuals and entities connected to the operation.
Renowned cybercrime expert and former IPS officer Prof. Triveni Singh said fraudulent online investment and trading platforms have emerged as one of the fastest-growing forms of cyber-enabled financial crime. According to him, fraudsters exploit promises of unusually high and guaranteed returns to gain investors’ trust before concealing the movement of funds through digital payment systems and complex financial networks. He added that digital forensics, financial trail analysis, and effective coordination among investigative agencies play a crucial role in exposing organised financial crime syndicates and recovering diverted funds.
The investigation remains ongoing. The CBI is examining the full extent of the alleged fraud, tracing the flow of funds, and identifying any additional individuals, companies, or entities that may have been involved. All allegations remain subject to investigation and judicial proceedings, and the guilt or innocence of the accused will ultimately be determined by the competent court on the basis of the evidence presented.
About the author — Suvedita Nath is a science student with a growing interest in cybercrime and digital safety. She writes on online activity, cyber threats, and technology-driven risks. Her work focuses on clarity, accuracy, and public awareness.
