To lure investors, firm used names of govt, pvt agencies: Cops

In the investigation carried out by the Special Task Force, the police have recovered some Power Point presentations that throw more light on the nature of the dubious business carried out by Anubhav Mittal and his ponzi scam partners.

It revealed that they used to astray the investors saying that their clients are in Delhi and Uttar Pradesh government agencies and also in some of the top corporate companies including a leading private bank, a private university and a popular beverage company.

The intention was to convince the investors on the ground of having contracts from them to raise their profile on social media by increasing the number of likes, said STF investigators.

However, the organisations have denied any sort of relation with the ponzi company.

Taking the investigation further, Raj Kumar Mishra, Deputy Superintendent of Police, Special Task Force said: "Now, we are able to access the details of the bank accounts owned by the company.

Our first priority is to analyse all the transactions either through cash or by any other modes from these accounts. We have identified 10 suspicious bank accounts and are trying to get their details. However, other accounts are yet to be tracked."

"We are also conducting searches at other addresses of the company to check whether the company was operational at those locations on not. As of now, we have made search operations at five different locations and found a huge consignment of shoes from the Noida Sector-64 branch of the office which was later seized by the police," added Mishra.

The investigating team has also questioned the officials and staff members of Crown Plaza Hotel, Noida, where the company organised a promotional event recently. An FIR was registered in Noida Phase-3 police station under which the police officials are investigating the case.

Another side of the scam is the protest of the investors in the support of Anubhav Mittal and other members who are under police custody. According to the investors, the company gave employment to over lakhs of people.

The new investors might be suffering but those who have been in the business for years get benefitted from the scheme. The golden period of the company was in mid-2016 where all the members of the company were getting returns against their work and the company was making good business. The company might have suffered certain losses but such a phase is very common with any other organisation.