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The Uttar Pradesh Special Task Force (STF) on Wednesday arrested two more persons, in Greater Noida, in connection with the alleged Rs 3700 crore ponzi scam which was perpetrated by promising huge returns to investors for liking links on the internet.
The STF had in February detected the fraud by Noida-based Ablaze Info Solutions Private Limited and arrested three persons.
The force on Wednesday arrested Pramod Kumar Solanki, a resident of Hapur, and Pramod Kumar Vimal, who hails from Ghaziabad.
On receiving inputs about Solanki and Vimal's presence in the city, SSP UP STF Amit Pathak formed a team and the duo were arrested from near the Yamaha crossing.
Solanki told the STF that he had set up a firm named Solanki Enterprises, asked several innocent persons to invest in Ablaze and earned crores of rupees like this.
He said he had purchased land worth Rs 35 lakh in Hapur from the earnings of these transactions.
He earned Rs 1.5 crore by making 50 people invest in Ablaze. Last year, he purchased a flat worth Rs 45 lakh in Ghaziabad.
The arrested persons told the STF that they were members of the core team of Ablaze and worked as chief promoters of the social trading website.
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