Guwahati Man Held in ₹34.33 Crore Cheating Case, Probe by Arunachal Police
The accused allegedly induced an investor to fund a proposed industrial project using forged documents and claims of political and bureaucratic influence, police said.
NAHARLAGUN- Banderdewa Police have arrested the prime accused in an alleged financial fraud case involving more than ₹34.33 crore, marking a significant development in an investigation into claims of cheating, forgery and impersonation.
The accused, identified as Rishiraj Borkotoky (41), a resident of Guwahati in Assam, was arrested on June 20 following an investigation conducted under the supervision of Superintendent of Police (ICR) Dr. Nyelam Nega.
According to police, the case was registered based on a complaint alleging that the accused persuaded an investor to finance a proposed Extra Neutral Alcohol (ENA) manufacturing project in Assam. Investigators said the accused allegedly presented himself as a businessman with extensive political and bureaucratic connections and used documents purportedly issued by senior government authorities to gain the confidence of the investor.
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Police said the complainant subsequently invested more than ₹34.33 crore in the proposed venture.
During the investigation, officers reportedly uncovered evidence suggesting the use of forged documents and digital impersonation. Investigators also found a WhatsApp account allegedly carrying the profile picture of a prominent political leader, which they believe may have been used to create an impression of access to influential individuals and institutions.
As part of the operation, police seized five mobile phones and a Mercedes-Benz GLE 400D luxury vehicle valued at approximately ₹1.5 crore.
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Officials said preliminary examination of bank records, electronic communications, KYC documents, screenshots and suspected forged documents has corroborated several aspects of the complaint. Investigators are currently analysing financial transactions to trace the movement of funds and identify any additional individuals or entities that may have benefited from the alleged fraud.
Police said forensic examination of the seized electronic devices is underway and is expected to provide further leads regarding the extent of the alleged operation.
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The investigation is also focusing on identifying possible associates, linked business entities and other beneficiaries connected to the case. Officials indicated that further action may follow based on the findings of the ongoing inquiry.
In a statement, ICR Police reiterated their commitment to recovering the proceeds of crime, identifying all persons involved in the alleged fraud and ensuring that those responsible are brought to justice.
The police have also advised the public to exercise caution while making investments and to independently verify claims relating to government approvals, official endorsements and business proposals through authorised channels before committing funds.
Further investigation is in progress.
