A Yes Bank official has been arrested in connection with the Rs 3,700 crore online trading scam by a Special Investigating Team of Uttar Pradesh police.
Atul Mishra, a business relationship manager with the bank, is accused of helping the owners of the Noida-based firm that perpetrated the fraud in stashing around Rs 1,000 crore black money, for which he allegedly received a hefty kickback, said Western UP Special Task Force (STF) SP Rajeev Narayan Mishra.
The bank official, who was arrested from Ghaziabad yesterday, was today produced before a court here which sent him to judicial custody.
Anubhav Mittal, the main accused in Rs 3700 crore online trading scam, had been remanded in five-day police custody by a court here yesterday.
Mittal’s firm allegedly owned two accounts in the Rajnagar branch of the bank where Mishra was posted.
Uttar Pradesh Special Task Force (UP STF) had unearthed online trading scam and arrested Mittal and two others on February 2. UP DGP Javed Ahmed had also formed an SIT to carry out a probe into it.
The Enforcement Directorate’s (ED) zonal office in Lucknow registered a criminal case under the Prevention of Money Laundering Act (PMLA) based on an FIR of the UP STF to probe the alleged Rs 3,700 ponzi scam case perpetrated by seeking fake social media ‘likes’ from lakhs of gullible investors by Mittal’s Noida-based firm.
The ED conducted searches and raids, in various UP cities, at the business and residential premises of the owners of the firm and seized incriminating documents, that reveal assets worth crores of rupees of the accused.
( Source – PTI )