eBIZ.com MD, son arrested for cheating 17 lakh people of ₹5,000 cr

The police have arrested the father-son duo behind Noida-based fraudulent multilevel marketing company eBIZ.com, that cheated 17 lakh people of ₹5,000 crore. The company's Managing Director Pawan Malhan and his son Hitik Malhan were arrested. They used to let people join their scheme by collecting a certain amount and promised 4% commission if they brought other people to the forum.