Delhi Police has exposed a big scam in which people were being duped through Chinese apps. On the pretext of doubling money, a fraud of about Rs 150 crore has been detected from 5 lakh Indians. Eight people, including two CAs, a Tibetan woman, have been arrested in the money laundering scam.
The police have come to know that the scam has been carried out through a multi-level marketing campaign. Not only the hard earned money of the people was looted, but their data has also been robbed. According to police commissioner SN Srivastava, Rs 150 crore has been cheated in just 2 months.
After the action of the police, an amount of Rs 11 crore has been blocked in different bank accounts and Rs 97 lakh has been recovered from a Gurgaon CA. This CA had formed more than 110 companies for Chinese scamsters.
Through these apps, investors were lured to double the amount within 24-35 days. Good returns were promised in a few hours and even days. The investment option was given from minimum 300 rupees to lakhs of rupees. One of these apps, Power Bank, was recently ranked at number 4 on the Google Play Store.
How to reveal the secret?
According to DCP Anayesh Roy, people were writing about the fraud on social media through apps like Power Bank and EZ Plan. When the police started investigation after taking cognizance of these posts, the layers of the scam got raised. He said that a team led by ACP Aditya Gautam investigated and found that the EZ plan is available on the website www.ezplan.in. Power Bank App describes itself as a Bengaluru-based technology startup. However, its server was present in China.” These apps also gained access to users’ cameras, contact details and storage, and thus breached the user’s data.
Used to commit fraud like this
To excite more people, initially some returns were given to the people. After that people started believing in the schemes and people started investing more and more. People also added their acquaintances and friends to the apps. Once someone invested a large amount, his account was blocked.