Fake apps online scam: How over 5 lakh Indians were cheated of ₹150 crore by Chinese nationals

Fake apps online scam: Yet another shocking instance of innocent people losing massive amounts of their hard earned money has come to light. Cyber Cell linked to Delhi Police on Wednesday busted a syndicate run by a group of Chinese nationals who were stealing data and have cheated over 5 lakh Indians of over ₹150 crore via fake investment apps. Anyesh Roy, Deputy Commissioner of police of Cyber Crime Cell (CyPAD) divulged the details.

How this fake apps online scam worked

First of all, some good news. The people responsible have been arrested. 11 persons, including two Chartered Accountants were arrested in a crackdown by Delhi Police.