In the guise of cashback, a Gurugram-based company Talkcharge duped people of Rs 5000 crores. According to a CNN-News18 report, Talkcharge started giving huge returns to users in the name of cashback. Despite the Talkcharge mobile wallet app having a very poor rating, it got more than 20 lakh downloads. The company was founded by a man named Ankush Katiyar.
Talkcharge was initially launched as a prepaid payment service provider. The app initially started offering cashback on recharges. After that, it started offering cashback on deposits. Its users started finding this a profitable deal. According to the report, the company was offering a cashback of Rs 1,666 on a deposit of just Rs 4,999.
Gradually, users started trusting it. Users started investing large amounts in the app. The game of deception started in 2023. In July 2023, the company started charging 20% service charge from the users. When people started facing problems, the company brought another fraudulent solution. In August, it launched an offer to get rid of service charges in which the company launched a No Fees promo code with a tag of Rs 1,49,999.
The company started fraudulent transactions in January 2024. In March 2024, many services including withdrawals on the app were stopped. Then in April 2024, it stopped operations. The money invested by thousands of people got stuck. According to the report, some users had wallet balances worth crores in the app which is now stuck. Complaints and FIRs have been filed against the promoters of this app across the country. A person named Ankush Katiyar, who started the company, has been arrested. Apart from this, co-founder Shivani Maheshwari and some employees of TalkCharge are also being investigated.
For the latest tech news, smartphone reviews and exclusive offers on popular mobiles, download the Gadgets 360 Android app and follow us on Google News.
Related news
Thank you for taking the time to read this article! I hope you found the information insightful and helpful. If you enjoyed this type of content, please consider subscribing to our newsletter or joining our community. We’d love to have you! Feel free to share this article with your friends and family, who might also find it interesting.
I am Anita Bhati, I live in Delhi. I have started blogging as my career in 2023. I am very confident about my subject and I love reading and writing about mobile, electronic gadgets, bikes, cars etc. This is my hobby. I have just joined Latest News 24 and I am looking forward to working with my career potential.