India, Nov. 2 -- A digital wallet app that promised users attractive daily returns has allegedly drawn more than 15 lakh people into a multi-level marketing scam involving over Rs 1,200 crore, even as separate cyberfraud cases in Ahmedabad and Bengaluru have left a retired teacher and a schoolteacher with losses running into lakhs.

The Gujarat-based SD Pay, also known as Apna Pay, was launched in 2024 by Dhaval Patel, the prime accused in the case. The app promised bill payments and mobile recharges while offering daily returns of 0.15 to 0.30 per cent, along with incentives for referring new users.

The app was shut down in mid-2026, leaving investors unable to withdraw their money. Investigators found that 6,52,831 bank accounts had tr...