Anubhav Mittal, who is now behind bars for allegedly swindling ₹3,700 crore from over 7 lakh people in one of the biggest internet scams in recent times, had floated bogus consultant agencies to swindle investors’ money, the special investigation team (SIT) revealed on Tuesday.
SIT is scanning private companies that Mittal had formed to allegedly draw investors’ money for his personal use.
“We identified three companies that were formed on fake documents. We suspect he has formed several fake companies, in the guise of providing consultancy, to divert money. We hope to identify across more such bogus companies,” Amit Pathak, senior superintendent of police, special task force (STF), said.
The STF officials said they have also identified banks that helped Mittal commit the fraud. “We have identified the banks that were hand in glove with Mittal. We are scanning the ₹3,700 crore investment in banks.They were aware of irregularities commissioned by Mittal. We are going to take action against banks in the next two-three days,” Pathak said.
The STF also applied to take Mittal on remand on Tuesday. The Gautam Budh Nagar district court will hear the application on Wednesday.
“If we get the remand, we will grill him on the investments he has made. We have a huge amount of data, to analyse his transactions through bogus companies. Today (on Tuesday), we got important documents related to the case. Mittal withdrew a large amount of funds through these three bogus companies in January, February and March of 2016. We suspect that the withdrawals would have increased in 2016-end as his investors increased manifold,” Pathak said.
The number of complaints against Anubhav Mittal has now reached 8,000, he said.
Many investors from other countries had also invested in Mittal’s companies, including Ablaze Info Solution Private Limited. Investors from Nigeria, Kenya and Muscat have lodged complaints against Mittal.
Mittal had registered his company on September 7, 2010, in Delhi but did not conduct any business transactions. At the time of his arrest, he had 100 employees working for him at his Noida office.