Uttarakhand police bust ₹ 350 crore scam that duped lakhs
The syndicate was run by a bunch of scamsters from China, in accordance with preliminary inquiry.
Uttarakhand Police has busted an internet scam with overseas hyperlinks, wherein 5 lakh individuals from throughout the nation misplaced a mixed ₹ 350 crore, officers stated on Thursday, including a person was arrested from Noida in reference to it.
The police have sought the assistance of Central Bureau of Investigation (CBI), Intelligence Bureau (IB) and Enforcement Directorate (ED) for additional investigation within the case, Director General of Police (DGP) Ashok Kumar stated.
The fraudsters duped individuals utilizing an internet app known as, ‘Power Bank’, which was accessible on Google Play Store until May 12, the officer stated, including, it supplied profitable returns on funding by totally different schemes.
The cash deposited in several schemes, utilizing the app, was routed to overseas nations by cryptocurrency, he stated.
The syndicate was run by a bunch of scamsters from China, in accordance with preliminary inquiry.
In reference to the scam, Pawan Kumar Pandey was arrested from Noida’s Sector 99 on Monday. The Special Task Force (STF) recovered 19 laptops, 5 cell phones and 592 SIM playing cards from his possession.
Police had acquired 25 complaints of fraud towards the app from totally different components of Uttarakhand, stated Ajay Singh, Senior Superintendent of Police (STF), who led the probe into the case.
The investigation course of began after two individuals from Haridwar district complained that the web app, by which they invested greater than ₹ 1.5 lakh, was no longer accessible on Google Play Store, stated Mr. Singh.