State Director General of Police Ashok Kumar said here on Thursday that the accused defrauded nearly five lakh people of the country to the tune of more than Rs 350 crore using an online app ‘Power Bank’ that promised to double the investment amount.
He told that on June 7, accused Pawan Kumar Pandey, arrested from Sector-99 of Noida, told during interrogation that the money deposited in various schemes through the app was sent abroad through cryptocurrency. STF has recovered 19 laptops, five mobile phones and 592 SIM cards from his possession.
The Director General of Police said that from preliminary interrogation, it appears that this syndicate was probably being run by scamsters from China. Till May 12, the ‘Power Bank’ app available on Google Play Store was offering attractive returns on investment in various schemes. Kumar said that the Uttarakhand Police has sought help from the Central Bureau of Investigation, Intelligence Bureau and Enforcement Directorate to investigate this online fraud involving foreign links.
STF Senior Superintendent of Police Ajay Singh, who investigated this, said that the police have received 25 complaints related to fraud through this app so far. He said that the Uttarakhand STF had started the investigation of the case after two persons from Haridwar district filed a complaint of online fraud. The complainants said that the online app through which they had invested more than Rs 1.5 lakh in a scheme is now missing from the Google Play Store.