Renowned comedian Bharti Singh and the winner of ‘Bigg Boss OTT 2,’ Elvish Yadav, have recently found themselves embroiled in a serious legal issue. The Delhi Police have filed a case against them for allegedly committing a massive fraud amounting to ₹500 crores. The police have also issued summons to Bharti Singh’s husband, Harsh Limbachiyaa, in connection with this case.
What Led to the Legal Action?
The controversy began when Bharti Singh and Elvish Yadav promoted a mobile application named HIBOX through their social media platforms. They encouraged their followers and the public to invest in the app, promising substantial returns. Tragically, many investors lost their hard-earned money after investing in the app.
The Nature of the Fraud
According to police reports, the fraudulent activities associated with the Hoybox app were executed with meticulous planning. Deputy Commissioner of Police Hemant Tiwari revealed that the accused had made enticing promises to potential investors. They claimed that the app would provide a guaranteed return of 5 percent daily, with projections suggesting profits could rise to between 30 to 90 percent over a month. The app was launched in February of this year and attracted over 30,000 investors who were initially pleased with their returns during the first five months. However, this apparent success soon turned into a nightmare for many.
The Investors’ Experience
Many individuals who invested in the HIBOX app believed they were making a sound financial decision, drawn in by the promising returns and the celebrity endorsements. Their initial experiences may have seemed profitable, but the subsequent loss of funds has left them frustrated and disillusioned. The rapid increase in investor numbers highlighted the extent of the scam, as more people trusted the app based on the influential figures backing it.
Police Investigation and Public Response
Following the growing concerns regarding the app’s legitimacy, the Delhi Police initiated a thorough investigation. They are now working to uncover the full scope of the fraudulent scheme, which has shaken investor confidence across similar platforms. The public response has been largely one of anger and disappointment, with many calling for stricter regulations to prevent such incidents in the future.
Impact on Celebrities Involved
As the situation unfolds, both Bharti Singh and Elvish Yadav face significant legal repercussions that could impact their careers and public image. Their involvement in the scheme raises questions about the responsibility of public figures when promoting financial products and the ethics of influencer marketing. This case serves as a reminder for both celebrities and consumers to approach investment opportunities with caution, ensuring they conduct thorough research before committing their funds.
As the investigation continues, it remains to be seen how this incident will affect the reputations of those involved and the broader community of influencers in India.
