Noida ponzi scam: Man behind whole operation arrested

A huge breakthrough in the Rs 3,700 crore online Noida ponzi scam took place with the arrest of the kingpin of the scam.

 

Uttar Pradesh police's special task force on Friday arrested Sunil Mittal, the father of Anubhav Mittal, director of Ablaze Info Solution.

 

As per investigation and findings of Directorate of Enforcement, Anubhav Mittal had collected several thousand crore of rupees from the customers of his company by false inducements and later siphoned off the same by means of generating false/bogus bills/invoices with the assistance of various persons who are under scrutiny.