Idukki: More than 100 people have lost money in a major financial fraud in Nedumkandam in Kerala's Idukki district.
Users were attracted to the mobile application as it looked similar to an Amazon app.
The mobile app was exposed when the site showed 'network error'.
Besides, the customers came to know that they were trapped when they could not access the site and company details.
The mobile application opens to a website named OMG Burse. The fake site assured that if money worth Rs 500 to 50,000 were deposited, the customers would get a dividend daily, according to the amount.
Money would be deposited in the range of Rs 50 to Rs 2,000 per day and the total amount could be withdrawn once the deposit exceeds a certain limit, according to the protocol in the application.
The fraudulent application and website had been promoted through social media and more people signed up after the first depositor collected money.
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