Former branch manager at Axis Bank arrested in Rs 400 crore DB Stock scam case

In connection with the DB Stock Scam, the Central Bureau of Investigation arrested Pushpajit Purkayastha, a former Axis Bank branch manager, and Sandeep Gupta, a key agent, in Guwahati. They are accused of colluding with DB Stock Consultancy, operated by Deepankar Barman, to defraud over 10,000 people of ₹400 crores through a fraudulent deposit scheme. The CBI's investigation is ongoing.

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