Mumbai: The Economic Offences Wing (EOW) of the Mumbai Police has received multiple complaints against “COSTA App Saving,” an unregistered online investment platform accused of duping investors with promises of unusually high returns.

According to an EOW officer who spoke to The Free Press Journal, a whistleblower alerted the unit about the fraudulent app, alleging that it lured people into investing by guaranteeing quick and unrealistic profits. Acting on the alert, the EOW issued a public advisory on Mumbai Police’s official X (formerly Twitter) handle, warning citizens not to fall prey to the scam.

App Not Registered With RBI or SEBI

EOW officials confirmed that a criminal case has already been registered against COSTA App Saving in Telangana. The app, currently available on the Goo

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