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🚨 How Hibox app scammed Indian's of Rs 500 cr with YouTubers 😡 💀 The app, according to police reports, lured investors with promises of guaranteed returns and resulted in a fraud estimated at Rs 500 crores. 💰 The Delhi Police on Thursday summoned popular YouTuber Elvish Yadav, comedian Bharti Singh, and three other social media influencers in connection with an alleged scam involving the HIBOX mobile application. 🚨 The app, according to police reports, lured investors with promises of guaranteed returns and resulted in a fraud estimated at Rs 500 crore. “HIBOX is a mobile application that was part of a well-planned scam,” Deputy Commissioner of Police (IFSO Special Cell) Hemant Tiwari explained. 🎇 The investigation follows over 500 complaints filed with Delhi Police, in which users accused various influencers and YouTubers of promoting HIBOX on their platforms and enticing followers to invest. ✨ On 16 August, the Intelligence Fusion & Strategic Operations (IFSO) unit received a complaint from 29 individuals alleging that they were duped by the HIBOX app. 🔥 The complainants stated that they were promised daily returns of 1% to 5%, leading to potential monthly returns of 30% to 90%. In response, the police launched a probe, uncovering the involvement of several popular social media personalities. 1=} Abhishek Malhan 2=} Purav Jha 3=} Elvish Yadav 4=} Bharti Singh 5=} Harsh Limbachiya 6=} Lakshay Choudhary 7=} Adarsh Singh 8=} Amit 9=} Dilraj Singh Rawat 🤔 Police reports reveal that Sivaram, a 30-year-old resident of Chennai and the alleged mastermind, promised investors substantial monthly returns through the app, which launched in February 2024. 🎯 The platform initially delivered high returns, encouraging more people to invest. However, since July, HIBOX allegedly began withholding payments, citing various issues such as technical glitches, legal troubles, and GST complications. DCP Tiwari noted, “The alleged companies behind HIBOX shut down their Noida office in Uttar Pradesh before disappearing.