Elvish and comedian Bharti embroiled in a case of 500 crores, police issued summons

Elvish Yadav News: Delhi Police has issued summons against YouTuber Elvish Yadav and comedian Bharti Singh and three other social media influencers. They are accused of promoting the Hibox mobile app on their pages. This app has defrauded people of Rs 500 crore. An official gave this information on Thursday. The officer said that the police received more than 500 complaints, alleging that many social media influencers and YouTubers promoted the Hibox mobile app on their pages and lured people to invest through the app. Police officials said that the main accused in the case, Chennai resident Shivram (30), has been arrested. According to the complaint, social media influencers and YouTubers including Saurav Joshi, Abhishek Malhan, Purav Jha, Elvish Yadav, Bharti Singh, Harsh Limbachiyaa, Lakshya Chaudhary, Adarsh ​​Singh, Amit and Dilraj Singh Rawat promoted the app and lured people to invest through the app.

People were duped of lakhs with planning

Deputy Commissioner of Police (IFSO Special Cell) Hemant Tiwari said, 'Hibox is a mobile app which was part of a well-planned fraud.' The DCP said that through this app, the accused had promised guaranteed returns of one to five per cent per day, which would range from 30 to 90 per cent in a month. The app was launched in February 2024. More than 30,000 people invested money through the app. Investors got high returns during the initial five months. However, from July, the app stopped payments citing technical glitches, legal issues, GST issues.

DCP Tiwari said, 'The alleged companies disappeared after closing their office in Noida, Uttar Pradesh.' Police officials said that Shivram, the mastermind of the fraud, was arrested and Rs 18 crore was seized from his four different bank accounts. The police received complaints from 29 victims against the HiBox app at the Intelligence Fusion and Strategic Operations (IFSO) on August 16. The complainants alleged that they were promised high returns on their investments. The Special Cell registered an FIR on August 20 under various sections of the Indian Justice Code and relevant provisions of the Information Technology Act. During the investigation, several complaints were filed against the HiBox app by nine people who were similarly defrauded.

Police took action after more than 500 complaints

These nine cases were handed over to the IFSO. The police received more than 500 complaints from Northeast district, Outer district, Shahdara and the 'National Cybercrime Reporting Portal'. The DCP said, 'Our team collected details of the payment gateways and bank accounts involved in the fraud. Analysis of the transactions helped the team identify four accounts which were used to withdraw the defrauded amount.' Police officials said that till date, 127 complaints have been clubbed together and the role of Ezbuzz and PhonePe is being investigated as the business accounts of the fraudsters operating HiBox were opened without following proper verification process and bypassing the prescribed norms of the Reserve Bank of India (RBI).