Online trading scam: Anubhav Mittal remanded in 5-day police custody

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Greater Noida | Published: February 9, 2017 3:32:45 AM

Anubhav Mittal, the main accused in Rs 3700 crore online trading scam, was today remand ed in five-day police custody by a court here

Uttar Pradesh Special Task Force (UP STF) had unearthed online trading scam and arrested Mittal and two others on February 2. (PTI)Uttar Pradesh Special Task Force (UP STF) had unearthed online trading scam and arrested Mittal and two others on February 2. (PTI)

Anubhav Mittal, the main accused in Rs 3700 crore online trading scam, was today remand ed in five-day police custody by a court here. Civil Judge (Junior division) granted Mittal’s custody to police, which will now question him about the scam. Uttar Pradesh Special Task Force (UP STF) had unearthed online trading scam and arrested Mittal and two others on February 2.

The Enforcement Directorate’s (ED) 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 probe 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.

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The ED conducted searches and raids, in various UP cities, at the business and residential premises of the owners of the firm and seized incriminating documents, that reveal assets worth crores of rupees of the accused.

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