Uttar Pradesh Special Task Force on Friday busts Rs 3,700 crore online fraud racket that duped 7 lakh people, three people have been arrested.
26-year-old Anubhav Mittal, one of the three who got arrested, is a B.Tech graduate who in an year carried out a fraud of Rs 3, 700 crore. He used to promise big returns through a ponzi scheme by asking people to hit ‘likes’ online. A fake company was set up called Ablaze Info Solutions Private Limited in Noida and all of them operated from there.
Senior superintendent of police, Amit Pathak told, “Over one lakh non-payment complaints existed on their server, three arrests have been made and the documents are seized. We also have issued letters to authorities to freeze Rs 524 crore which is their in the account.”
He added, “We found there was no business from any third party for getting online hits. The probe shows the accused had set up a fake server in Ghaziabad and the URL links terminated on the same server,”.
The amount of Rs 524 crore was deposited in 12 accounts, the company was registered in Axis Bank, Kotak Mahindra Bank, Yes Bank and Canara Bank. Investigations are going on by the officials, who are looking into the company’s balance sheet, investors’ information, and bank accounts to which money was transferred.
The scam came into notice when Mittal and his two aides- Mahesh Dayal (25 years) and 40-year-old Shridhar Prasad (40 years) who holds MBA degree got arrested from the office in sector 63 of Noida on February 2. Under the scheme subscribers were asked to click on the number of suspicious links sent on their phones. A fake server was made where these links would discontinue.
Noida: Uttar Pradesh Special Task Force busts Rs 3,700cr online fraud racket involving 7 lakh people; 3 arrested. pic.twitter.com/NXMJUQxoA6
— ANI UP (@ANINewsUP) February 3, 2017
Over 1lakh non-payment complaints exist on their server;Arrested3,seized docs;Issued letters to authorities to freeze Rs524cr in a/c-SSP STF pic.twitter.com/exCc0GzBr1
— ANI UP (@ANINewsUP) February 3, 2017
