Noida: ED freezes a dozen bank accounts in ponzi money laundering case

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Noida | Published: February 17, 2017 7:50:41 PM

The Enforcement Directorate (ED) has today freezed at least a dozen bank accounts in Noida which contained Rs 519 crore in the ponzi money laundering case.

The arrests were made after the police froze the company's bank account. The arrests were made after the police froze the company’s bank account. (Representative image)

The Enforcement Directorate (ED) has today freezed at least a dozen bank accounts in Noida which contained Rs 519 crore in the ponzi money laundering case. The police, earlier in the day, arrested two directors of a company which allegedly committed online fraud of worth Rs 500 crore by duping around 2 lakh people.

The arrests were made after the police froze the company’s bank account and sealed its office in Noida. As per reports, directors Anurag Garg and Sudesh Verma had gone to meet district SSP Dharmindra Singh in Surajpur. The SSP had then called Noida Sector-20 Police Station SHO Anil Pratap Singh to get them arrested.

An FIR was lodged at Noida sector 20 police station after some people who had invested in the company had lodged complaint. Complainants alleged that the owner of the company duped around two lakh people who were promised handsome returns by clicking on web links and made Rs 500 crore in the past four months.

Till now, five accounts of the company have been frozen. The Noida Police also came to know that the company had transferred Rs 20 crore in last couple of days and the probe is on to find out where this amount was transferred.

Meanwhile, Anubhav Mittal, the main accused in Rs 3700 crore online trading scam, was remand ed in five-day police custody by a court last week. The Uttar Pradesh Special Task Force (UP STF) had unearthed online trading scam and arrested Mittal and two others on February 2.

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The agency’s zonal office in Lucknow registered a criminal case under the Prevention of Money Laundering Act (PMLA) based on an FIR of the UP STF to investigate the alleged Rs 3,700 ponzi scam case perpetrated by seeking fake social media ‘likes’ from lakhs of gullible investors by Mittal’s Noida-based firm.

(With inputs from PTI)

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