Assam: Actress Sumi Borah Granted Bail by Gauhati HC in Multi-Crore Trading Scam Case

GUWAHATI– In a significant development, the Gauhati High Court has granted bail to Assamese actress and choreographer Sumi Borah in connection with a high-profile multi-crore online trading scam. The bail was granted on May 21, 2025, in a case registered at Barbaruah Police Station in Dibrugarh, clearing the path for her release from custody after months of detention.

Borah, who was arrested in September 2024 alongside her husband Tarkik Borah and alleged mastermind Bishal Phukan, faced charges related to a Rs. 2,200 crore unregulated online trading scam that shook Assam.

The scam, which violated Securities and Exchange Board of India (SEBI) regulations, allegedly involved luring investors with promises of high returns through extravagant promotional events. Several prominent individuals, including doctors from Dibrugarh, reportedly fell victim to the scheme, influenced by Borah’s network and public persona.

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The Gauhati High Court’s decision marks the final bail approval for Borah, who had previously been granted bail in related cases at Dibrugarh and Duliajan police stations on December 18, 2024. The court’s ruling in the Barbaruah case came after the Central Bureau of Investigation (CBI) reportedly failed to submit a chargesheet within the stipulated time, prompting the court to grant her relief.

Despite earlier bail rejections by both the Gauhati High Court and a local court in Dibrugarh due to the severity of the allegations and ongoing investigations, this latest decision allows Borah to walk free.

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Borah and her husband, who surrendered to the police on September 12, 2024, after being on the run, have consistently denied the charges. In a video circulated on social media before her arrest, Borah claimed she was a victim of misinformation and a targeted media campaign.

The CBI, however, presented fresh documentary evidence against Borah, her husband, and Phukan in March 2025, alleging their deep involvement in the fraudulent scheme.

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The scam, orchestrated by Phukan, reportedly involved hosting lavish parties in Guwahati to attract investors, with Borah leveraging her influence to secure significant financial contributions. Authorities estimate the fraud’s scale at Rs. 2,200 crore, making it one of Assam’s largest financial scandals.

The case continues to draw public attention, with many awaiting further developments as investigations into the scam’s intricate network unfold. The Gauhati High Court’s decision has sparked mixed reactions, with some viewing it as a procedural outcome due to the CBI’s delay, while others question the broader implications for justice in high-profile financial fraud cases.