In a shocking incident,  the Uttar Pradesh Special Task Force has unearth the biggest online fraud claimed to be around Rs 3,700 crore on Thursday. It was being run in the form of online trading.

Three people have been arrested so far and further investigation is underway.

In the major investigation, it was revealed that a company called Ablaze Info Solution Limited, located in Noida Sector-63 has duped around 7 lakh people by taking the investment of Rs 3,700 crore. They earned that much amount by a scheme called ‘Earn Rs 5 per click’.

“The accused persons were running a web portal - social trade.biz - where an investor has to pay from Rs 5,750 to Rs 57,500 in the company’s account to become the member and earn Rs 5 per click. So far, we managed to track around Rs 500 crore and already seized the company’s bank accounts,” police said.

The accused used to change their company’s name constantly so that they cannot be arrested.

These were some of the companies which they used to dupe people: socialtrade.biz to freehub.com, intmaart.com frenzzup.com, 3W.com etc.

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BY M. DIVYA SRI