UP police bust online fraud of Rs 3,700 cr

Noida, Feb 2 : Busting an online fraud to the tune of Rs 3,700 crore, the Uttar Pradesh police have arrested three persons alleged to have duped nearly 6.5 lakh people through an online portal, police said on Thursday.Busting one of the biggest internet frauds, the Special Task Force of Uttar Pradesh police arrested the trio of Anubhav Mittal, Sridhar Prasad and Mahesh Dayal from Sector 63 in Noida on Wednesday and seized nearly Rs 500 crore. "The accused used to run a portal socialtrade.biz under which an investor had to pay anything between Rs 5,750 to Rs 57,500 in the company s account to become the member and earn Rs 5 per click."Registered under the name of Ablaze Info Solutions Pvt Ltd. in Noida, they used to constantly change the portal s name. So far they defrauded over 6.5 lakh people duping around Rs 3,700 crore," Superintendent of Police (Uttar Pradesh STF) Triveni Singh, told IANS. Mittal, said to be the kingpin, hails from Ghaziabad while Prasad is from Visakhapatnam and Dayal is from Mathura in Uttar Pradesh.