11 arrested in Delhi for cheating 5 lakh people through investment app

The Delhi Police Cyber Cell has arrested 11 men for allegedly cheating more than 5 lakh people with the help of an investment app named Power Bank. In the last two months, the accused allegedly managed to cheat people of Rs 150 crore. The app is listed on Google Play Store and offers lucrative and quick returns on investments.

Anyesh Roy, DCP (Special Cell-Cyber), said the owners and creators of the app are based in China and approached the accused two months ago to help them with bank accounts and shell companies in India.

“We received hundreds of complaints on social media about two apps — Power Bank and EZ Plan.