37-year-old Hyderabad man loses Rs 3 crore in IPO fraud

A Hyderabad resident lost ₹2.8 crore in an IPO investment scam after being lured by a Facebook ad. Fraudsters, posing as investment advisors, added him to a WhatsApp group and convinced him to invest through a fake app called ASKMIN. Initially, they showed profits to gain his trust, but later blocked withdrawals and demanded extra fees.

Most Recent