Mayank Arora

Engineer

[Mayank Arora @Mayank22222]

@SubodhHald15834 @MobiKwik @lendboxin @Lendbox @MobiKwikSWAT share it here. What extra info you will share in dm ?

[Rajat Khandelwal @Singlejivi]

Thanks @DeccanHerald for finally covering the biggest open scam around Mobikwik Xtra Lendbox investors.
When most major media houses stayed silent on this @MobiKwik @lendboxin transactree pvt ltd, you chose to report what thousands of ordinary retail investors have been facing for months.
In a country where press freedom rankings continue to fall to 157th, independent reporting on corporate-financial issues still matters.
Our issue is simple:
• We were shown ads promising: — “Withdraw Anytime”
— “No Lock-in Period”
— “Daily Interest”
— “Better than FD returns”
— up to 12%-14% p.a.
• Mobikwik heavily marketed Xtra across: — app banners
— push notifications
— Instagram, twitter, Facebook ads(below will provide each and every ss)
• Money was routed into Lendbox/Transactree’s NBFC-P2P structure.
And Ind the name of RBI’s August 2024 P2P changes this biggest fraud happened lead by @BipinSingh :
-Withdrawals suddenly stopped
-Funds got locked for years
-Repayment schedules started failing
-Borrower transparency disappeare
-Investors were denied loan/KYC level data which is a mandate of the @RBI for NBFC master direction
What @MobiKwik
and @lendboxin did was
—Blocked funds completely even after advertising as "Anytime withdrawal" "No lock in" "Zero questions asked"
— False NPA tagging and no fixed recovery timeline
We launched a public issue-tracking website
https://t.co/jLzXIigZRE
, collected investor evidence, filed cyber complaints, consumer complaints, legal notices, and multiple investors have now approached police authorities.
Now FIRs under IT Act/BNS provisions have been registered in Bengaluru against entities connected to the issue. And many from Delhi, Mumbai and other cities are on its way.

Their are jaw dropping figures against @MobiKwik Xtra
• 800+ affected investors are there in our WhatsApp group
• More than 10crore reportedly blocked
• Average outstanding is 30%

Questions to @RBI @RBIsays @FinMinIndia @DFS_India @SEBI_India @IEPFAuthority
@PMOIndia @narendramodi @mygovindia @PIB_India
@Cyberdost @DelhiPolice
@BlrCityPolice @MumbaiPolice
@CPDelhi @jagograhakjago @nch1915 @DARPG_GoI

If a product was aggressively sold as liquid & flexible, Anytime withdrawal no lock in period (RBI Regulated) by a company who is listed by @SEBI_India also, how were ordinary retail users suddenly trapped in multi-year repayment uncertainty overnight?

#Mobikwik #Lendbox #Xtra #MobikwikXtra #IndianScam #Scam #Fraud

[Mayank Arora @Mayank22222]

@AdityaD_Shah They are still promoting in same way

[Mayank Arora @Mayank22222]

@MorningContext @sonalch10 Even if it was industry standard all money was returned by other platforms except mobikwik and lendbox. Why are they hiding it

[The Morning Context @MorningContext]

MobiKwik and Lendbox promised high returns and easy withdrawals. Now, with repayments drying up, investors are left chasing their money.
@sonalch10 Writes: https://t.co/i0puCdmT5g

[Mayank Arora @Mayank22222]

@_kumbhkaran Blatant lie . They are cheaters

[कुंभकरण @_kumbhkaran]

Every investor I talked to told me that approx 30% of their money has been held by these two platforms, and here they are saying that around 90% was paid?

Why don't you give the exact data? How much principal amount and how much total amount has been held by both of you?

[Mayank Arora @Mayank22222]

@Singlejivi @MobiKwik @lendboxin Blatant lie they are still holding 29%

[Bharat Naruka @BharatNaruka12]

RBI has clearly flagged MIS-SELLING & FAKE PROMISES by Lendbox & MobiKwik
“Anytime withdrawal”, “assured liquidity”, “safe returns” — ALL MISLEADING
Thousands of investors are still stuck with 30-40% of their money blocked for 2+ YEARS
After a long fight now the news is covered

[Mayank Arora @Mayank22222]

@idesibanda Still promoting upto 14% #fraudsters

[Mayank Arora @Mayank22222]

@idesibanda Scam by mobikwik and lendbox

@RBI they are still promoting the product shamelessly with fixed return

[Newton Bank Kumar @idesibanda]

Wattt a Scam done at Mobikwik ! 🤯

[Mayank Arora @Mayank22222]

@_kumbhkaran In per annum they are now giving assurance of 40-50% returns in 2 years . Scam going on in our country

[कुंभकरण @_kumbhkaran]

BREAKING 🚨

A massive fintech investor crisis is unfolding in India.

Two FIRs have now been registered from Varthur, Bengaluru against MobiKwik Xtra & Lendbox (Transactree) over allegations of blocked investor funds, misleading investment claims, and irregularities in the P2P lending structure.

Thousands of retail investors across India claim they were sold MobiKwik Xtra as a safe, RBI-regulated, “FD-like” investment product with:
• “Withdraw Anytime”
• “100% Liquidity”
• “No Questions Asked”
• “Up to 12–14% Returns”

Then suddenly after RBI’s August 2024 P2P changes, withdrawals were frozen overnight.

Now investors allege:
• ~30%+ avg money still stuck of all investors (How is it possible for all lenders? That much consistency seems totally made up story)
• repayment schedules collapsing
• borrower data discrepancies
• missing transparency
• funds allegedly deployed without explicit lender approval

Despite this ongoing crisis, another frontend brand “Perannum” continues operating and marketing itself as RBI-regulated — while internally disclaiming that RBI does not guarantee correctness of data or repayment safety.

Then what exactly does “RBI regulated” mean for ordinary Indians?

How can thousands of investors suffer while the system stays silent?

More than 800 affected investors have already united online. Many are retired pensioners, middle-class families, salaried employees and small savers who invested their life savings believing these fintech platforms were trustworthy.

Reported figures from the MobiKwik Lendbox community tracker website already show:
• ₹26+ crore invested
• ₹7.7+ crore outstanding
• 500+ registered victims
• ~31% average outstanding losses

And investors believe the real scale could be far bigger.

Cyber complaints, FIRs, legal notices, consumer cases ,EOW complaints and writ petitions are now rapidly increasing across India.

At this point people are not only losing money — they are losing faith in India’s financial oversight and justice system.

If ordinary citizens cannot be protected from powerful fintech giants using RBI branding, aggressive advertising and hidden risk structures, then what kind of financial system are we building?

[Mayank Arora @Mayank22222]

@DeccanHerald @RBI @EOWDelhi

[Mayank Arora @Mayank22222]

@DeccanHerald Rbi is sleeping 😴

[Mayank Arora @Mayank22222]

@Singlejivi @chandrarsrikant @BipinSingh Scamster @BipinSingh

[Rajat Khandelwal @Singlejivi]

Mam, thats the same case with mobikwik ceo @BipinSingh

He blocked me because we were raising voice against a huge scam which was going on in mobikwik xtra which was sold to the users as anytime withdrawal, no lockin, no questions asked campaign and than when we raised our voice against him , asked for refunds, he just blocked me and ran like a coward. Many middle class investors have lost their whole income, their family income, old age pension , they trusted mobikwik because its the biggest platform and was zold alternative of fd, even the gounder himself told to invest to get more returns than fd and than just ran away with our hard earned money like a coward.

[Sukhdeep Singh @ItsMeSukhdeep]

“Earn 12–14% with anytime withdrawal.”

That’s how @MobiKwik Xtra was sold.

Not as a risky credit product.
But as a superior FD alternative.

This wasn’t clever marketing.
This was misleading positioning.
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[Mayank Arora @Mayank22222]

@c_p_gaur @Ranbijaya @MobiKwik @BipinSingh @RBIsays @jagograhakjago @cbic_india @Cyberdost @DelhiComplaint @EOWDelhi @DelhiPolice @khurpenchh @YTKDIndia Add your case here