Over Rs 70 crore worth of deposits of a Noida based Multi Level Marketing firm, including its two directors, have been frozen for allegedly cheating the public of about Rs 1,000 crore, police said here Tuesday.
They said that Hitik Malhan, in charge of the day to administration of the company, was being questioned over a case booked against the company recently under the 'Prize Chits and Money Circulation Schemes (Banning) Act, 1978.'
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