Rs 3,700 cr scam: IT sleuths swoop down on Noida fraudsters, seize vital docs
After the Special task force busted an online racket of Rs 3700 crore on Thursday, the Income Tax department along with Serious Fraud Investigation Office (SFIO) on Friday conducted a raid on Ablaze Info Solutions Limited's office in Noida sector 63. The team seized several documents and hard drives.
"Following the investigation on the suspicious deposit of Rs six crore in a bank account, the internet scam of Rs 3700 crore was unearthed", said Income tax investigators. Several clueless investors who are victims of the scam were seen waiting outside the office. Also, the signboard outside the company had a different name engraved on it-3W Digital Private Limited.
According to Income tax officials, the company had deposited a large amount after the government announced the money ban on 8 November 2016. The fraudsters used to lure investors under the name "Low Investment Part Time Job" which they promoted on social media. In reality, there was no such business as the mastermind of the scam was just rotating investor's funds to dupe them.
Raj Kumar Mishra, Deputy Superintendent of Police, Special Task Force said, "The matter has been notified to other district officials. An FIR has been registered against the company in Indirapuram Police station, Ghaziabad. The web page and the mobile application have been seized. All those who were cheated are welcome to lodge their complaint to the cops on firstname.lastname@example.org."
The company ran a website that gave the subscribers an opportunity to earn Rs 5 each time they clicked or liked web links sent to their mobiles. Gullible investors deposited thousands of rupees into the company's bank accounts to join their scheme.