Noida: A month after it was sealed, Webwork office gets demand drafts worth Rs 20 lakh | noida | Hindustan Times
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Noida: A month after it was sealed, Webwork office gets demand drafts worth Rs 20 lakh

The company had asked people to invest Rs 11,000 to Rs 57,500 to become a publisher in the company. The company subsequently sent links of websites, which were to be “liked” by a publisher to qualify for making a profit. The company promised to pay Rs 6 per “like”

noida Updated: May 18, 2017 13:41 IST
Vinit
Ponzi scheme

Webwork’s directors – Anurag Garg and Sandesh Verma — were arrested and sent to jail in February after several investors complained to the police that they have been duped by the company.(HT Photo)

Even over five weeks after the office of Webwork Trade Links was sealed for allegedly running an online Ponzi scheme and duping hundreds of people, fresh demand drafts worth Rs 20 lakh for enrolling in the scheme have reached the office in Noida’s Sector 2.

A police officer said, “We had recovered 60 demand drafts worth Rs 20 lakh from the office. The DDs were sent by the people from UP, Haryana and Rajasthan for enrolling in the Ponzi scheme.”

These demand drafts have been received after February 17, the day the Webwork office in Sector 2 was sealed.

Earlier the police had seized 1,253 demand drafts worth Rs 6 crore from Webwork’s office, along with their servers, computers and important documents.

Webwork’s directors – Anurag Garg and Sandesh Verma — were arrested and sent to jail in February after several investors complained to the police that they have been duped by the company.

The company had asked people to invest Rs 11,000 to Rs 57,500 to become a publisher in the company. The company subsequently sent links of websites, which were to be “liked” by a publisher to qualify for making a profit. The company promised to pay Rs 6 per “like”.

It was estimated that more than 2 lakh people had associated with the company within a span of four months and invested over Rs 240 crore.

The scam was busted, after a similar scheme run under the name of Ablaze Info Solutions Private Limited by Anubhav Mittal was unearthed by Noida police in January.

Soon after Mittal’s arrest, complaints started surfacing against Webwork, which had also employed same strategy to allegedly dupe people.