ED files first charge sheet in Ablaze scam
6 July 2017 7:00 PM GMT
The Enforcement Directorate on Thursday filed its first charge sheet in the alleged Rs 3,700 crore ponzi scam perpetrated by a Noida-based firm which had promised money for 'likes' on social media to lakhs of gullible investors.
The central probe agency filed the voluminous prosecution complaint (charge sheet), of which the operational part is a 50-page report, before a special Prevention of Money Laundering Act (PMLA) court here.
ED Joint Director Rajeshwar Singh said the charge sheet has been filed after over four months of investigation into the case where over Rs 654 crore assets have been attached by the agency.
The case revolves around Ablaze Info Solution Private Limited, owned by the kingpin of the alleged Ponzi scam case Anubhav Mittal, who was arrested by the ED in this case.
A supplementary charge sheet, officials said, is soon expected to be filed in this case.
Mittal, the agency had said, 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 or bogus bills/invoices with the assistance of various persons who are under scrutiny."
The ED had, on January 5, registered a criminal case under the PMLA based on an FIR of the Uttar Pradesh Police's Special Task Force (STF), which had first unearthed the alleged ponzi scam.
The agency later filed a second FIR in the case, also known as the Enforcement Case Information Report (ECIR).
"The modus operandi of the accused was that through their web portal they promoted a scheme where, by liking the webpage which were fictitiously shown associated to international social media groups like Google and Facebook, the users will earn money.
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