Anubhav Mittal’s Bail Rejected by Gautam Budh Nagar Court and is Searching for Diamond & Gold Members of the Company

Anubhav Mittal’s case has been taken to the Gautam Budh Nagar after he and his team members gets bail from the Lucknow court and the case has been registered by STF in Gautam Budh Nagar on 2nd May 2017 and the Bail application for Anubhav Mittal has been applied to the court.

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The Bail Application of Anubhav Mittal has been rejected by the Gautam Budh Nagar court. STF are not finished with Anubhav Mittal and his team in the online scam of 3700 crores.

With the same order, STF has already taken out the notice to have 200 topmost members who have got vast mmoney in order to make more investors and get their clicks done.

Anubhav and his team however has managed to get out of the ED procedures in Lucknow, but STF in Noida are really putting every possible way to track down all the details against him.

Mittal’s father is already in the police custody and STF has been searching for his wife as she was the director of the company. Read full story here.

Those 200 people who are also said to be the Diamond members of the company had been getting huge amount of money continuously despite the company being in loss already.

Also it’s found that Ablaze Info Solutions hasn’t submitted the TDS of 6.5 Lakhs investors to the income tax department which they used to deduct from the investors money, while making the payment.

Source says, “STF has filed 3500 pages chargesheet against Anubhav Mittal and his team as they have got almost 14000-15000 online compaints via the email that STF has made in order to recieve complaints against Mittal / Social Trade”.

“We have levelled sections of cheating, forgery and those under the provisions of Prize Chits and Money Circulation Schemes (Banning) Act, 1978. We have maintained that the officials of Ablaze induced people and tempted them into making ‘quick and easy money.’ The other inducement for the customers was to add more people in the chain down the line,” said Rajiv Narayan Mishra, additional superintendent of police, Uttar Pradesh STF.

“Investigations have revealed that the company (Ablaze) had no other sources of revenue other than membership fee. This is a feature of all Ponzi schemes. Fees from all the new members was distributed to pay the old members. We have also included the liquidation of money into several other firms. The liquidation money runs up to more than Rs 10 crore and was allegedly paid in name of services. This amounts to siphoning of funds as there were no services found in physical terms,” he added.