The special investigation team (SIT) on Wednesday arrested two alleged major beneficiaries in connection with Noida’s alleged Ponzi scheme involving Anubhav Mittal’s firm, Ablaze Info Solutions. The SIT also comprises officials from Uttar Pradesh special task force (UP-STF). Sources said that the two — Pramod Kumar Vimal and Pramod Solanki — are among a ‘core group’ of beneficiaries and think-tank behind the alleged Ponzi scheme. It is alleged that Solanki had started a firm ‘Solanki Enterprises’ to promote the business of Ablaze, with the help of his wife’s ID documents. SIT officials said that Anubhav Mittal allegedly cheated nearly 6.5 lakh customers of around Rs 3,700 crore.

Source: Hindustan Times May 17, 2017 17:03 UTC