Online Ponzi Scam

The app, initially presented as a legitimate platform for earning money through games, was found to be a scam.

Authorities at Odisha's economic offences wing (EOW) stated that at present, Govinda is neither a suspect nor an accused

Union Minister Nirmala Sitharaman on Sunday said the finance ministry is working with MeitY and RBI to clamp down on ponzi apps to prevent them from taking away hard earned money of gullible investors. Cautioning investors against ponzi apps, Sitharaman said investors should do their due diligence and should not be lured by claims of lucrative returns made by them. "There are also apps which are coming out and reaching out to people saying we can do this, we can do that. Your money will fetch you this much. "Many of them are ponzi, the apps on which we are working with the Ministry concerned, the Ministry of Electronics & Information Technology (MeitY) and with the Reserve Bank and clamping down on them like never before, so that we don't get those ponzi apps, taking away hard earned money," she said. Speaking at the Thinkers Forum at Tumakuru (Karnataka), she said, social influencers and financial influencers are all out there but a strong sense of caution is required in each one

However, the actors are not mentioned as either accused or suspects by the Uttar Pradesh Police