The company, located in Sector 2 of Noida, had created a webpage, addsbook.com, wherein some ‘shopkeepers’ and ‘product-sellers’ were registered.
The Uttar Pradesh (UP) Police have busted an online trading fraud syndicate that duped over 2.5 lakh people to the tune of Rs 500 crore. The Director of fraudulent firm Webwork Trade Pvt Ltd, Anurag Garg, and Co-Director Sandesh Verma have been arrested.
The company, located in Sector 2 of Noida, had created a webpage, addsbook.com, wherein some ‘shopkeepers’ and ‘product-sellers’ were registered. In effect, the company took money from these registered shopkeepers and from ‘publishers’, who bought its plans.
To become a publisher, people had to put in Rs 11,000-57,500 in the company account. They would then get a username and a password. The company had many links of several websites, and in order to earn profit, publishers had to click on these links. The company promised to pay back Rs 6 per click.
The matter came to light after Ghaziabad resident Amit Kishor Jain complained to the police that the company cheated him of Rs 3.5 lakh. An FIR in this regard was registered on February 12. The Noida Police then conducted a raid at the company’s office and seized documents, files, and digital and print evidence. On Thursday, the police froze three company accounts containing Rs 26.74 crore.
“The company premises have been sealed to ensure that there is no tampering with the evidence. We found Rs 15 crore in an ICICI bank account, Rs 1.51 crore in an Axis Bank account, and Rs 10.14 crore in an account of Vijaya Bank,” SP (City) Dinesh Yadav said. According to a senior officer, after a Rs 3,700 crore scam by another Noida firm was busted recently, owners of the Webwork Trade Pvt Ltd became alert and made several bank transactions worth crores in the last few days.
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