The cyber cell of Delhi Police has busted a syndicate run by a group of Chinese nationals. 

Delhi Police informed that the syndicate had looted over Rs 150 crores from over 5 lakh Indians. 

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This Chinese syndicate looted people by luring them to invest in fake applications like PowerBank, SunFactory and EzPlan. 

This Chinese gang also stole users personal data. 

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Deputy Commissioner of Delhi Police (Cyber Cell) – Anyesh Roy said: “Delhi Police’s Cyber Cell has busted a syndicate run by a group of Chinese nationals. They were stealing data and cheated over 5 lakh Indians of over Rs 150 crores via fake investment apps like PowerBank, SunFactory and EzPlan.” 

These Apps lured people to invest in them by promising them of high returns. 

Delhi Police has so far arrested 11 persons in connection with the case.  

The arrested persons also include two Chartered Accountants (CA). 

Moreover, Rs 11 crore, relating to the scam, have been frozen in different banks and Rs 97 lakh in cash have been recovered in a massive crackdown.