Noida Ponzi scheme: Two members of ‘core group’ of Ablaze Info held
It is alleged that Solanki had started a firm ‘Solanki Enterprises’ to promote the business of Ablaze, with the help of his wife’s ID documents. Vimal is stated to be a production supervisor in a technology company and had formed ‘Prizes Enterprises’ in the name of his wife to promote the business of Ablaze Info Solutions.noida Updated: May 17, 2017 22:42 IST
The special investigation team (SIT) on Wednesday arrested two alleged major beneficiaries in connection with Noida’s alleged Ponzi scheme involving Anubhav Mittal’s firm, Ablaze Info Solutions.
The SIT also comprises officials from Uttar Pradesh special task force (UP-STF).
Sources said that the two — Pramod Kumar Vimal and Pramod Solanki — are among a ‘core group’ of beneficiaries and think-tank behind the alleged Ponzi scheme. Vimal is from Ghaziabad while Solanki is from Hapur district.
It is alleged that Solanki had started a firm ‘Solanki Enterprises’ to promote the business of Ablaze, with the help of his wife’s ID documents. He is alleged to have amassed more than Rs1 crore from the business and also purchased land worth Rs35 lakh at Garh Road in Hapur.
Vimal is stated to be a production supervisor in a technology company and had formed ‘Prizes Enterprises’ in the name of his wife to promote the business of Ablaze Info Solutions, officials said.
“He (Vimal) amassed more than Rs1.5 crore as a beneficiary of the scheme. He used nearly 50 identity documents to promote the business. From the amount, he purchased a flat in Raj Nagar Extension of Ghaziabad for Rs45 lakh. The two were part of the ‘core group’ of 15 business promoters of Ablaze Info, who roped in hundreds of customers down the line and also undertook promotional activities to add new members,” Rajiv Narayan Mishra, additional superintendent of police, UP-STF, said.
“Both the accused were arrested from Surajpur in Greater Noida and we will file supplementary chargesheets against them as part of the ongoing investigation,” he said.
SIT officials said that Anubhav Mittal allegedly cheated nearly 6.5 lakh customers of around Rs 3,700 crore.
In their initial chargesheet filed on May 1, the SIT named Mittal, his wife Ayushi, father Sunil, company CEO Shreedhar Prasad, technical head Mahesh Dayal and Atul Mishra, a relationship manager with a private bank. The police had levied IPC sections of cheating, forgery and also the provisions of the Prize Chits and Money Circulation Schemes (Banning) Act, 1978 against the accused.
Besides the STF, the enforcement directorate is also probing the case on charges of money laundering. The ED on March 31 had attached property worth Rs599.28 crore. On May 2, the ED also filed a fresh FIR against Mittal and his associates.