The special investigation team (SIT) that is investigating the alleged ponzi scam in Noida along with UP special task force have come across some suspicious bank transactions related to accounts of prime accused Anubhav Mittal’s firm.
On February 2, the Uttar Pradesh police special task force (UP-STF) arrested Mittal and his two colleagues - CEO Shridhar Prasad and technician Mahesh Dayal - following different complaints.
Officials investigating bank details of Ablaze Info Solution Private Limited’s accounts said that a number of outgoing transactions, amounting to the tune of Rs 400 crore, were identified and further investigation is on. The STF has already seized Rs 524 crore that was deposited in the company’s accounts with various banks.
“The details of incoming and outgoing transactions are voluminous and needs a comprehensive check to trace where the amount is actually headed to. Such transactions are getting rotated to different accounts. These transactions were found suspicious and a thorough check is being carried out,” RK Mishra, UP-STF deputy superintendent of police, said.
On Sunday, the directorate enforcement (ED) had registered a case of money laundering on the basis of FIRs registered by UP-STF.
UP-STF officials said that they have come to know about 10 bank accounts of Mittal’s company in Axis Bank, Yes Bank, Kotak Mahindra Bank and Canara Bank after the arrests. Some of these accounts were closed by company officials as complaints had started coming in wherein the complainants had mentioned bank account numbers.
Investigators have also come across several presentation slides where the company officials mentioned Delhi municipal corporation, UP State Road Transport Corporation, Paschimanchal Vidyut Vitaran Nigam Limited, soft drink manufacturing firms, prominent banks, renowned colleges, etc. as its clients.
“These presentations were probably meant to show to other clients that the firm had links with big organisations. We are getting in touch with these organisations to know more details. Further, we have also sealed one of company’s premises at Sector 64 where a container laden with shoes, etc was found,” Mishra said.
“Searches were also conducted with the help of ED teams at two of company’s offices in Raj Nagar District Centre, Ghaziabad, Mittal’s Ghaziabad residence and Sector 63 office,” he added.
Hindustan Times reported on Monday that Mittal, who is in judicial custody, was planning to launch an online shopping website allegedly as a cover for his Ponzi scheme in which he is accused of duping lakhs of people of about Rs 3,726 crore.
Mittal had made a payment of about Rs 8 crore to six garment manufacturing companies, including leading brands in clothing, based in Uttar Pradesh, Haryana and Punjab. The 26-year-old had ordered 50,000 garments to start his business through a website named intmart.com.
The STF has received more than 6,000 complaints on its e-mail ID ‘firstname.lastname@example.org’ which was created for investors to report complaints of fraud in the case.