Delhi police bust syndicate involved in guaranteed returns investment fraud

NEW DELHI: The Intelligence Fusion and Strategic Operations unit of the Delhi Police has busted a syndicate that was allegedly involved in duping people on the pretext of providing guaranteed returns in the name of investment in Application Hibox and seized Rs 18 crore from different bank accounts.

Cops, who believe the scam is probably of more than Rs 500 crore, have issued notices to social media influencers, including Elvish Yadav, who promoted HIBOX app and lured investors to invest via the said application.