Home Scam/Fraud How ‘Chinese app scams’ have been targeting lakhs of Indians, looting crores...

How ‘Chinese app scams’ have been targeting lakhs of Indians, looting crores since WFH took off

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New Delhi: The 27-year-old has no idea how he managed to lose Rs 46 lakh in five months. It had seemed like a good investment in September last year, when the woman told him about profits in small-time trading investments — but now, he’s a victim of what the police suspect is the latest scam in the market, in which Chinese apps have been looting Indians of crores.

He first got in touch with her after he contacted a number that was put up on social media: “earn money now sitting at home. For more contact 9xxxxxxxx”. The initial investments were minimal and the returns were about 5 per cent. He was thrilled — she was guiding him on all the investments. 

Seeing the benefits, he thought it was a great scheme, and even sold ancestral land to make a larger investment. But eventually, he realised that something was off — and found that his money was gone. Finally, he approached the Delhi Police Special Cell’s cyber unit. 

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