Online scams and multi level marketing have taken their toll on the ever money hunting middle class Indian brains. The latest on the list is a 58-year-old man was arrested at Delhi for cheating around 4,000 people across India by inducing them to make investments in his company, police said Monday.
Police have received at least 465 complaints in this connection. Akhtar Ansari, resident of Pant Nagar in south Delhi, was arrested from his residence, Additional Commissioner of Police Ajay Chaudhary.
Mr. Chaudhary said Ansari created a website, Anjak Overseas, which stated ‘our family has a major business group in British Colombia for 30 years’. On the website names of some companies, like Anjak Finance & Investment Limited, Source India Corporation, ADM Films, KA Films, Anjak Group of Hotels, Iron Mines, Anjak Departments Store, Anjak Best Products Inc, Super Market, Anjak Mumbai, Anjak SPA and Anjak Delhi were mentioned.
On enquiry from different government agencies, police found that companies listed on the website had never done any kind of business and were projected only for inducement. These varied listing would play on the mindset of investors and lure them. The victims were assured 20 percent return per month on the investment made by them in his company. This assurance came out to be false as he deducted 5 percent administration charges and 10 percent tax deducted at source (TDS) out of 20 percent money paid.
Mr.Chaudhari went on to reveal the modus operandi of the accused that initially Facebook profile was utilized to rope in clientele. In the process had achieved 4000 investors who invested about 3.5 Cr from different parts of the country. Ansari also used to give lavish parties for promotion of his company at different hotels and clubs. Ansari told police that after seeing the website, people contacted his office at Preet Vihar in east Delhi where people met his co-associate Israr Ahmed. Ahmed is still absconding. Later, they shifted their office to Azadpur in north Delhi. On June 4, they again shifted to Noida in Uttar Pradesh to avoid investors' queries. Ansari used to receive money at all the three offices as well as at his residence.
Mr.Chaudhari further revealed that they found various bank accounts, cheque books, bank statements, challans, ATM cards and Passport of Ansari. He also said complaints are still flowing in on the accused.
