ED to present Anubhav Mittal in court today

A total of 10 FIRs have been registered against Anubhav Mittal, managing director of Ablaze Info Solutions Private Limited, which is alleged to dupe over seven lakh investors to the tune of Rs 3,700 crore. Meanwhile, Enforcement Directorate will now probe the matter and Mittal will be presented before the Court in Lucknow on Saturday.

Mittal, who is now behind bars, lured investors with a scheme, where investors were paid to 'like' certain links on a website for money. "A total of ten FIRs have been registered, including two in Ghaziabad, four in Noida, and one FIR each in Bulandshahr, Telangana, Hyderabad and Karnataka" said Raj Kumar Mishra, Deputy Superintendent of Police, Special Task Force.

Following a complaint from the Federation of Direct Selling Association (FDSA), police registered the tenth FIR against Mittal, accusing him of creating a fake FDSA certificate and fooling investors claiming membership with the association. An FIR for uploading a video from a court room has also been registered against him.

"We seized another bank account of the company, with a private bank, having Rs 10 crore. During investigating, we found that Mittal had transferred Rs 5 crore to his father's account, a few days before the scam unravelled. We have also seized his father's account and so far recovered Rs 630 crore from different accounts. Property worth Rs 12 crore has also been seized from residential as well as commercial addresses of the company," Mishra added.