The STF had in February detected the fraud by Noida-based Ablaze Info Solutions Private Limited and arrested three persons. The force today arrested Pramod Kumar Solanki, a resident of Hapur, and Pramod Kumar Vimal, who hails from Ghaziabad. He said he had purchased land worth Rs 35 lakh in Hapur from the earnings of these transactions. Last year, he purchased a flat worth Rs 45 lakh in Ghaziabad. The arrested persons told the STF that they were members of the core team of Ablaze and worked as chief promoters of the social trading website.

Source: dna May 17, 2017 19:30 UTC