UP police unearth Rs. 3,700 crore-online frauds
Three people have been arrested and further investigation is on.
Preliminary investigation revealed that a company called Ablaze Info Solutions Limited, located in Noida Sector-63, duped around 7 lakh people and took an investment of approximately Rs 3,700 crore from them under the ‘Earn Rs 5 per click’ scheme.
"The accused persons were running a web portal — social trade.biz — where an investor has to pay from Rs 5,750 to Rs 57,500 in the company's account to become the member and earn Rs 5 per click. So far, we managed to track around Rs 500 crore and already seized the company's bank accounts," police said.have been quoted as saying.
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