Anubhav Mittal was Arrested Today: It’s been exactly a year since the owner of Ponzi Scheme business Social Trade, Anubhav Mittal was arrested in the criminal offense of Money laundering and scamming people with his Ponzi scheme. There were more than 10 lakh people who invested in Social Trade in order to earn easy money but the plan failed when Mittal was arrested and his company was shut.
If we see the Indian Judicial system, they have been running this case since last one year but yet remains to reach the conclusion. In a years’ duration, Anubhav’s father and his wife were also arrested as they both were legally directors of the company and all his properties have been sealed by the ED Team of UP.
Anubhav Mittal was arrested on the same day i.e 4th of February last year i.e 2017 and till now, people who invested their hard earned money in the company are looking for justice to happen. Even if the company was fraud, people are expecting to get their money back from the government. But their’s no sign of any green signal for Government for the same, in fact, they are failing to even prove Mittal guilty and reach to any particular judgment till date.
UP Govt. was talking to get the law and order strictly followed in the state and get the pending cases of the state finished asap but that promise is no longer in the nerves of Ministers or CM Yogi Adityanath. In fact, they didn’t even care to create a body other than SEBI to regulate these cases and prove whether or not the type of business is illegal and it has the described consequences. But ED team has managed to take 3700 Crores of Social Trade and put under the government’s jurisdiction and Middle-class people have been suffering from the same.
The case is still being heard in the District court of Gautam Buddh Nagar, Uttar Pradesh and recently Mittal was Summoned by the district court Gautam Budh Nagar on 16th of January 2018 and as always the court has given another summon order on 19 April 2018.
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