Bhubaneswar: The Jagatsinghpur police have transferred the Rs 20 crore online money app fraud case to the Economic Offences Wing (EOW) of the Crime Branch for further investigation. The Huge App, which promised lucrative returns to investors, allegedly duped thousands of people, including hundreds of women and youth from the Balikuda area.
The app’s offers, such as investing Rs 5,500 to get Rs 200 per day or investing Rs 16,500 to get Rs 615 per day, attracted many. Additionally, the app incentivised users to recruit more people under their wing, promising higher earnings. To lure more investors, the company even gave away coolers and refrigerators as gifts.
The trouble began when the app suddenly stopped functioning on August 20, leaving investors unable to access their money or carry out transactions. It’s estimated that nearly four lakh people across Odisha invested in the app, with the total scam amount exceeding Rs 20 crore.
A team of EOW officials is scheduled to visit the spot and conduct a thorough investigation into the matter. The development has raised hopes among locals that a probe may lead to justice and the possible recovery of their hard-earned money
