Get pre-loved wares for less at this store
lifestyle2 hours ago
Trapping gullible folk and literally looting billions of rupees from them has emerged as a popular trade in India. And police cyber cells across different cities keep coming across shocking instances of how thousands of people get conned by the glib operators.
The latest to be exposed was by the Delhi police cyber cell, which smashed a major racket that has seen a mind-boggling Rs1.5 billion (Dh75.5 million) being squeezed out of half a million people by an app that had the temerity to be listed on the Google Play Store, promising hefty returns to the investors.
Anyesh Roy, deputy commissioner of police, special cyber cell, said a Bangalore-based startup initiated the strategy that led to the fleecing of half a million people. “We received hundreds of complaints on social media about two apps — Power Bank and EZ Plan,” he told the media on Wednesday. “
Some complainants claimed they lost lakhs of rupees. The Power Bank app was trending on the app store with thousands of downloads.”
Offering ‘instant returns’ of five to 10 per cent, the app saw many getting hooked by the lucrative gains. But their accounts were blocked by the app. The Delhi police cyber cell opened an account on the app to trace the owner.
“Our officer posed as a customer and invested a token amount in the app,” said Roy. “We then traced the money trail. It was found the money was being transferred through 25 shell companies and several bank accounts. Our team analysed the mobile numbers linked to the bank accounts and found that one of the accused is in West Bengal.”
The cell sent a team of officers to Uluberia in West Bengal where they nabbed one Sheikh Robin. The police also arrested others in Delhi and the neighbouring cities. Two of the accused, Avik Kedia and Ronak Bansal, are chartered accountants, who have set up more than 110 shell companies, said Roy.
Get pre-loved wares for less at this store
lifestyle2 hours ago
The exhibition will be held at Taj Business Bay from 11am to 8 pm
lifestyle2 hours ago
The motorist was also fined Dh50,000 and the vehicle was impounded
uae2 hours ago
The ship itself will be decked out in lights and seasonal decorations
travel2 hours ago
After the tournament he aims to reflect on his Pro Journey, evaluate his performances and weigh his options for 2025
sports2 hours ago
As Hezbollah leader Hassan Nasrallah speaks for the first time after the deadly blasts, Israeli fighter jets roared over Beirut, with sonic booms shaking buildings and sending residents scrambling for cover
mena3 hours ago
If favourable market conditions continue, prices could reach between $2,600 and $2,800 over the next 12 months, says expert
markets3 hours ago
One stranded expat went three days without eating and survived off water at mosques
long reads4 hours ago