An alleged online ponzi scam worth 500 crores involving Web Trade Links Pvt Ltd is caught up under CBI’s radar.
Names of two Bollywood stars also surfaced in The complaint against Trade Link’s Addsbook Marketing Pvt Ltd, which allegedly is a shadow company. As per the complaint, King Khan of Bollywood Shah Rukh Khan and Manjhi’s lead Nawazuddin Siddiqui endorsed for Addsbook Marketing.
The starry names linked with the dummy company attracted many investors, duped people by using the names as brand ambassadors of Addsbook. The promotors of the company are Anurag Garg and Sandesh Verma. Attaching Bollywood names to the company, the duo is accused of swindling money from many investors.
However, the actors are neither named as suspects nor accused.
CBI took over the matter which was filed in Uttar Pradesh against the Ghaziabad based shadow company, which was launched in 2016.
The complainant alleged that the endorsements heavily influenced people and eyewashed them to join the company. Even the celebs connected to such companies and promoting it are also responsible for such fleeces, adds the complainant.
The cops from Uttar Pradesh revealed that the promoters of Addsbook lured people and attracted as many as four lakh memberships. In the short span of four months they also allegedly collected 500 crore from two lakh members.
Following the directives of the High Court of Allahabad, CBI intervened the matter and re-registered the FIR against Verma and Garg.
