Delhi HC orders apps to suspend accounts impersonating Peak XV, Sequoia Capital

The Delhi High Court in a recent order instructed social media applications like Telegram, WhatsApp and YouTube to take down any accounts operated through a specific mobile number which was impersonating venture capital firms Peak XV Partners and Sequoia Capital.

The accused impersonated the venture firms to create bogus investment platforms that duped many unsuspecting investors. While the exact amount that people were cheated of is not known, some people took to public platforms to say they had lost as much as Rs 30 lakh to the ponzi scheme.