UP STF seals house of Noida ponzi scam prime accused's wife

February 06, 2017 09:31

ANI reports: House of Ayushi Mittal, wife of prime accused in Rs 3,700 crore Noida ponzi scam, Anubhav Mittal, sealed by UP STF in Kanpur.

On Sunday, the Enforcement Directorate conducted raids at five premises in Noida, Ghaziabad and Kanpur related to Anubhav, the 26-year-old kingpin of the scam, his wife Ayushi and four companies they ran -- Ablaze Info Solutions Pvt Ltd, Social Trade Pvt Ltd, 3W Digital Pvt Ltd and Intmaart Pvt Ltd.

The income tax department, Serious Fraud Investigation Office and Hyderabad Police have also started their own investigations into what is estimated to be a Rs 3,700-crore fraud, which makes it bigger than the Saradha scam that unravelled in West Bengal in 2013.

The ED raid came after its Lucknow office registered a case under the anti-money laundering act.

Additional director of ED's Lucknow zone Rajeshwar Singh said, "Searches have resulted in recovery of incriminating documents." The Rs 3,700-crore scam estimate was made by UP Police's Special Task Force, which busted the racket in Noida on February 2, on the basis of total deposits made.

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