The key accused in one of the “major” trading scams to have rocked Assam in August-September was arrested from a homestay in Goa on Sunday after being on the run since August 18 with over ₹27 lakh in cash.

Guwahati police commissioner Diganta Barah said on Monday that the accused, Dipankar Barman, was arrested by a four-member city police team led by Amit Mahato on Sunday evening based on “sources” developed with the help of Goa police.

“A search of the single room he was staying in led to the recovery of ₹27 lakh in cash, his passport and some jewellery. We produced him in the Pernem court on Monday and have sought his transit remand to Guwahati. His detailed interrogation will start once he reaches Guwahati,” Barah said.

The Guwahati-based Barman left the city on August 18 following reports that his company, DB Stock & Consultancy, defaulted on payments guaranteed to its investors.

A case was registered against him with the Paltan Bazar PS on August 22 which has since been handed over to the CBI along with 41 other trading/deposit scam cases this month. A second case has now been registered in connection with his arrest in Goa.

According to Barah, the homestay was located in an isolated area near Arambol beach, about 70 to 80 km from capital Panaji. The area is located under Pernem PS in the North Goa district.

Five persons, including his parents, two friends and his CA, had been arrested earlier in the case.

It is yet to be ascertained how much money investors have lost in the alleged financial scam effected by Barman’s company.