A 30-year-old relationship manager with a private bank was arrested by the Uttar Pradesh special task force (STF) in connection with the alleged ponzi online scheme case in Noida.
‘Accused managed funds’
Atul Mishra, posted at a branch in Ghaziabad’s Raj Nagar District Centre, allegedly leaked information to officials of prime accused Anubhav Mittal’s Ablaze Info Solution Private Limited about any probe, raids and suspicious transaction reports and helped them manage funds beforehand. Mishra was arrested by the STF on February 2 along with CEO Shreedhar Prasad and technical head Mahesh Kumar.
Amit Pathak, Senior Superintendent of Police, UP-STF, said the accused was managing the funds of the bank account related to Mittal’s company. “Whenever the bank used to generate a suspicious transaction report, he used to inform Ablaze officials who used to withdraw or transfer funds elsewhere. He even informed company officials about STF inquiries and about investigations,” Mr. Pathak said.
Accounts under scanner
The police said the arrest was made in connection with an FIR already lodged against Ablaze officials at the Surajpur police station in Greater Noida. Mishra will now face similar charges and that of being a part of a criminal conspiracy.
UP-STF officials said they had also come across accounts in other banks and were investigating the transactions related to Ablaze. They added that with Mishra’s help, the funds were allegedly siphoned off by Mittal.
“The account in the bank where Mishra worked was opened last year, and he had been in touch with Ablaze officials ever since. We have electronic evidence, corroborated with bank documents, against the accused,” he added.
In 2015, the Reserve Bank of India had advised that people should not to be tempted by promises of high returns offered by entities running multi-level marketing/chain marketing/pyramid structure schemes.
