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500K Indians lose over INR 150 Cr by investing through online apps

Shortpedia

Content Team
Image Credit: Inc42

The Delhi Police on June 9 busted an elaborate online scam operated allegedly by Chinese nationals in collusion with fraudsters in India, according to a report by The Quint. The report pointed out that more than 500,000 Indians were likely duped into investing a total of over INR 150Cr in two months alone, until the scam was discovered by a Delhi Police agent who was posing as a customer.