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Monday, 31 July 2017

Ambala man held for Rs 600-crore ponzi scam

The Enforcement Directorate (ED) on Saturday arrested an agent of a Chandigarh-based company and seized assets worth Rs 4.18 crore in connection with its money laundering probe in a Rs 600-crore Ponzi scam.

The ED had conducted searches in Delhi, Gurgaon, Faridabad and Ambala in Haryana, and Ghazipur in Uttar Pradesh in this case on Friday.

A handful of complaints — four from tricity — had initiated the investigations into the scam, which is now being estimated to be worth Rs 600 crore.

Sources in the police said that in 2012 about four complaints were lodged for online fraud. The complaints had claimed to have lost Rs 50 lakh. They had later even moved the Punjab and Haryana high court seeking probe by a central agency.

The cyber cell was investigating the matter, following which an FIR was registered for cheating, forgery and under the Information Technology (IT) Act at the Sector-36 police station. Kamal K Bakshi was later declared a proclaimed offender.

“The cyber cell case was registered at our station,” said Sector-36 station house officer Naseeb Singh. “We have made formal arrest of the accused, who was a PO. He has been sent to judicial custody. Intimation about his arrest has been given to the cyber cell.”

Source:-Hindustantimes

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