Rs 52 cr seized from Ablaze account managed by payment gateway

Uttar Pradesh Special Investigation Team, along with the Special Task Force (STF), has started a detailed investigation into the Rs 3,700 crore Ponzi scam case.

The police also came to know that the offending company, Ablaze Info Solutions Limited, was linked with a payment gateway to receive the membership fees from the investors. A bank account, with Rs 52 crore that was linked with the payment gateway, was seized by the police on Friday.

Taking the probe further, the investigation team also seized 73 Central Processing Units (CPU) that were recovered from Noida's Sector-62 branch of Ablaze.

Raj Kumar Mishra, Deputy Superintendent of Police, STF said: "We conducted a search operation at Noida's Sector-62 branch of Ablaze and seized 73 CPUs from the office, which were installed in the Accounts department, HR department and the helpdesk of the company. We are trying to get some more information through them".

"On interrogating Mittal, we came to know that the payments for membership were made not only through cash or NEFT but through other payment gateways also. The company was linked with Paynear, a payment gateway. The money transferred from investors got deposited to the company's account through this gateway. On searching the details of the suspected account, we found that Rs 52 crore had been deposited to company's account through Paynear. We have seized the account and are further interrogating to get some more information," added Mishra.

Talking about the number of complaints received till date on the email address setup by Uttar Pradesh Police, Mishra said: "We have received over 9.000 complaints till Friday. Not only from India, there have been a large number of complaints registered from foreign countries like Nigeria, Muscat and Kenya".