Earlier this month, Android Police uncovered a fake virus scanner which was hosted in Google's Play Store that did nothing other than changing the icon and led the users into believing their devices are safe.
This fake paid app($3.99) was downloaded by more than 10,000 users before Google and others became aware of the true nature of this app. In fact, this app reached number one position in the Top Paid apps list.
However, the developer of this app told the Guardian that one of their developers mistakenly uploaded the wrong version of "Virus Shield" application. At the time, he also promised to refund users who bought their app.
But, Google seems to have decided not to lose thousands of users who are unhappy about the lax security mechanism which allowed such fake apps to be published.
According to Android Police report, Google is not only issuing refunds to purchasers but also offering them $5 promotional credit using which you can buy apps, books and music in Google Play store.