English
The Delhi police has summoned YouTuber Elvish Yadav and Comedian Bharti Singh in connection with a Rs 500 crore App scam involving the HIBOX mobile application.
The police have received over 500 complaints in which they alleged that social media influencers and YouTubers lured people to invest through App. The complainants said that the App promised a hefty amount as return.
The main accused in the scam, Sivaram (30), a resident of Chennai, has been arrested, police said.
As per the complaint, social media influencers and YouTubers including Saurav Joshi, Abhishek Malhan, Purav Jha, Elvish Yadav, Bharti Singh, Harsh Limbachiya, Lakshay Choudhary, Adarsh Singh, Amit, and Dilraj Singh Rawat promoted the application and lured people into investing through the app.
“HIBOX is a mobile application that was part of a well-planned scam,” Deputy Commissioner of Police (IFSO Special Cell) Hemant Tiwari said.
Through this application, the accused promised guaranteed returns of one to five per cent daily, amounting to 30 to 90 per cent in a month, the DCP said. The app was launched in February 2024. Over 30,000 people invested money into the app.
During the initial five months, the investors received high returns. However, from July the app withheld the payments citing technical glitches, legal issues, GST issues, etc.
