Webwork (Indian web site)
| Company type | Privately owned |
|---|---|
| Genre | Deposit mobilising company |
| Founder | Anurag Garg, Sandesh Verma |
| Headquarters | India |
Webwork was an Indian website portal accused of being a Ponzi scheme.[1] The site was promoted by a Bollywood star, and was said to have scammed Rs 125 crore from users. Webwork's directors were arrested in February 2017.[2]
See also[edit]
- List of scandals in India
- Pyramid scheme
- Saradha Group financial scandal
- Corruption in India
- Rose Valley financial scandal
References[edit]
- ^ "As fear spreads, some firms start refunding investors - Times of India". The Times of India. Retrieved 14 March 2017.
- ^ Kumar Pandey, Rajesh; Alam, Shafaque (3 May 2017). "webwork's 'ponzi scam': HC orders CBI probe into Webwork's 'Ponzi scam' | Noida News - Times of India". The Times of India. Retrieved 29 February 2020.