Archive · 19 Sep 2025
Supreme Court Cancels Bail in Assam Trading Scam
Imagine a big financial mess in Assam where many people lost money in online trading.
A man named Ranjit Kakoty was accused of being the main person behind it.
The Gauhati High Court initially let him out on bail, saying the government took too long to file the official charges.
But the CBI said the rules changed, allowing them more time.
The Supreme Court agreed with the CBI.
They said the High Court made a mistake in how it understood the law.
Now, Kakoty has to go back to jail or face arrest if he doesn't surrender soon.
The Supreme Court cancelled the bail of Ranjit Kakoty in an Assam online trading scam case.
The scam allegedly affected around 1.5 lakh investors and involved approximately Rs 250 crore.
The Gauhati High Court granted Kakoty bail, citing the chargesheet was not filed within 60 days.
The CBI argued for an extended period due to the inclusion of additional charges.
The Supreme Court agreed with the CBI, overturning the High Court's decision and ordering Kakoty to surrender.
- Who
- The Supreme Court, Ranjit Kakoty (accused), and the CBI.
- What
- Cancelled the bail of Ranjit Kakoty, the prime accused in an Assam online trading scam.
- When
- The Supreme Court order was dated September 17. The original bail was granted on November 4, 2024.
- Where
- The case involves Assam, and the Supreme Court.
- Why
- The Supreme Court reversed the bail decision, citing errors by the High Court regarding the extension of the chargesheet filing period.
- Accused
- Ranjit Kakoty
- Scam Allegations
- Rs 250-crore online trading scam
- Investors Affected
- Approximately 1.5 lakh
- Bail Granted By
- Gauhati High Court (later cancelled)
- CBI Investigation Started
- October 14, 2024
- Chargesheet Filed
- November 28, 2024
- Supreme Court Order
- Requires surrender within 2 weeks