Entertainment

Bharti Singh, Elvish Yadav and 3 others summoned by Delhi Police

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Delhi Police summons 5 people

The Delhi Police have summoned YouTuber Elvish Yadav, comedian Bharti Singh, and three others concerning the HiBox investment scam which defrauded over 30,000 individuals.

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The reason

The authorities have summoned them for allegedly advertising and encouraging investment in the HIBOX mobile application. 

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Names involved in the fraud case

Saurav Joshi, Abhishek Malhan, Purav Jha, Elvish Yadav, Bharti Singh, Harsh Limbachiya, Lakshay Choudhary, Adarsh Singh, Amit, and Dilraj Singh Rawat. 

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Rs 500-crore stock trading app scam

The Intelligence Fusion and Strategic Operations Unit (IFSO) apprehended a 30-year-old Chennai resident about the Rs 500-crore stock trading app scam. 

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The fraud

The HIBOX app guaranteed daily returns of 1 to 5%, or almost 30 to 90% of monthly returns. 

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The fraud

The app first paid the payments, but later withheld the funds for various reasons.

Image credits: Instagram

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