UP Ponzi scam: accused Anubhav Mittal's father held

The Special Task Force of the Uttar Pradesh police on Friday arrested the father of Anubhav Mittal, the main accused in the 3,700 crore ponzi scam. Anubhav's father, Sunil Mittal, who was recently declared as an accused in the case, was apprehended after the Special Investigative Team (SIT) was preparing to obtain non-bailable warrants against him.

The action comes following searches at Ghaziabad, Kanpur, Hapur and Noida. He has been charged for cheating, forgery and criminal conspiracy and also of laundering money.

Sunil, 50, was one of the two directors of the company and was directly responsible for the affairs of the company. He hails from Pilkhuwa town in UP's Hapur district and operated a small electrical shop, Mittal Electronics, in Kishanganj Mohalla.

"Sunil was arrested from Navyug Market in Ghaziabad. He kept changing locations. His wife Ayushi is yet to be traced," an official of the special investigation team said.

According to the officials, Sunil was paid a salary of Rs 5 lakh. The sleuths also found that Rs 5 crore were also transferred from Ablaze to Mittal's shop through an account. But the motive of the transaction could not be ascertained.

In addition, Ayushi was also made an accused in her position as the additional director of Ablaze company after marriage.