Dynamite News
Online trading scam: Yes Bank official arrested
Businessman Atul Mishra, relationship with the bank manager, is accused of helping the owners of the Noida-based firm that committed the fraud in stashing around Rs 1,000 crore black money
Noida/ 9 February 2017. A Yes Bank official has been arrested by Special Investigating Team (SIT) of Uttar Pradesh police in the connection of online trading scam.
According to the sources, Businessman Atul Mishra, relationship with the bank manager, is accused of helping the owners of the Noida-based firm that committed the fraud in stashing around Rs 1,000 crore black money, for which he allegedly received a hefty kickback.
The main accused Anubhav Mittal has been ramnded in five-day police custody.
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. (With PTI inputs)