Addsbook ponzi scheme: CBI files FIR; Shah Rukh, Nawazuddin, who endorsed, not named

People have invested heavily as they were influenced by both celebrities.

IANS June 29, 2017 16:02:46 IST
Addsbook ponzi scheme: CBI files FIR; Shah Rukh, Nawazuddin, who endorsed, not named

New Delhi: The CBI on Wednesday said it has registered a case on the alleged Rs 500 crore online ponzi scam involving the Ghaziabad-based Webwork Trade Links Pvt Ltd in Uttar Pradesh.

Addsbook ponzi scheme CBI files FIR Shah Rukh Nawazuddin who endorsed not named
A complaint has named Bollywood actors Shah Rukh Khan and Nawazuddin Siddiqui who endorsed Webwork Trade Link's shadow company Addsbook Marketing in 2016. But the actors are not named as either accused or suspects in the Central Bureau of Investigation (CBI) FIR registered on Tuesday.

The agency took over the case from the Uttar Prades Police, which had initiated the probe in the scam in 2016 and filed an FIR against the promoters of Webwork Trade Links, Anurag Garg and Sandesh Verma.

Garg and Verma are accused of duping thousands of investors using the two Bollywood actors as brand ambassadors of Addsbook Marketing, the complaint alleged.

As per the complaint, which is now part of the FIR, Addsbook Marketing was launched on December 10, 2016 with brand ambassadors Nawazuddin Siddiqui and Shah Rukh Khan.

"People have invested heavily as they were influenced by both celebrities. Addsbook is a shadow company of Webwork Trade Links Pvt Ltd. It is an eyewash to lure more people to join the company. After the endorsement of Addsbook Marketing, innocent people invested their hard earned money in the company, hence both the celebrities are equally responsible for the wrongdoings of the company," the complaint alleged.

Garg and Verma allegedly took money from people luring them with lucrative payments for every click on advertisements on their website, the complaint said.

The Uttar Pradesh Police investigation revealed that Garg and Verma offered membership to more than four lakh people in four months for the click and allegedly collected over Rs 500 crore from around two lakh people.

The CBI, on directives of the Allahabad High Court, took over the investigation and re-registered the FIR against Garg and Verma for alleged cheating and violation of the IT Act.

Updated Date:

also read

TMC's Shantanu Sen suspended from Rajya Sabha for remaining part of monsoon session after House nod
Politics

TMC's Shantanu Sen suspended from Rajya Sabha for remaining part of monsoon session after House nod

The motion was passed by a voice vote and Chairman M Venkaiah Naidu asked Sen to leave the House

Significant progress on FATF's first action plan: US on Pakistan's grey list status for terror financing
World

Significant progress on FATF's first action plan: US on Pakistan's grey list status for terror financing

The global body against money laundering and terror financing had also asked Pakistan to work to address its strategically important deficiencies

American producer Dillon Jordan arrested on money laundering and prostitution charges
Entertainment

American producer Dillon Jordan arrested on money laundering and prostitution charges

The charge against Dillon Jordan is that he used PaperChase Films, his production company, as a front for the international prostitution ring