Social Trade Latest News: Anubhav Mittal Father Arrested? SocialTrade Scam MasterMind Anubhav Mittal Father arrested:-
The mastermind of the Social Trade scam Anubhav Mittal’s Father Sunil Mittal was arrested from Noida on Friday by the Special Task Force. STF arrest Anubhav Mittal for further Investigation. It is also stated that a Ford Endeavour is also seized from the father of Anubhav Mittal.
According to the Police when this scam is in opened one by one then 5 crore rupees was transferred to the Sunil Mittal company. This 5 crore rupees money was of the people’s who invested their money in Social Trade.
In this case, the director and employees of Ablaze info solutions Pvt Ltd company were also arrested. This scam including the 3700 crore rupees from thousands of peoples who chose various plans starts from 5750 rupees to 57500 rupees. After that company sends them links and user have to open the link and some amount of money will be given to the users. But not all people’s get the money.
How did ‘social trade’ work?
- The UP Police arrested three peoples- Anubhav Mittal, Sridhar Prasad and Mahesh Dayal from Sec-63 in Noida. They seized approx Rs 500 crore from them.
- These peoples used to run a portal named as ‘socialtrade.biz’ under which an investor had to pay Rs 5,750 to Rs 57,500 in the company’s account.
- Now, After Paying Amount they become Member of SocialTrade and start earning money.
Is Social Trade a scam or not?
It is one of the biggest questions for all the investors of SocialTrade.biz that rally socialtrade.biz is a scam or not. One of the Additional Director of ED’s Lucknow zone Rajeshwar Singh Ji said that “Searches have resulted in the recovery of incriminating documents.” The Lucknow Office registered a case against Anubhav Mittal under the Anti-Money Laundering Act.