The scale of operation clearly indicates it was like a deadly Chinese financial virus that was trying to rob Indians of their money, at a time when the deadly Chinese Coronavirus was sweeping the subcontinent.
The accused reportedly defrauded victims of Rs 150 crore in the last two months. The software is available on Google Play and promises rich and speedy returns on investment.
At least two more people were detained in connection with Chinese mobile applications Power Bank, EZPlan, etc scam in which 5 lakh Indians were duped of thousands of crores.
The Delhi Police's Cyber Cell has arrested 11 men, including two charted accountants (CAs), for allegedly cheating more than five lakh people of over Rs 150 crore in two months on the pretext of providing lucrative returns on two mobile applications.