Hyderabad investor duped of Rs 2.8 cr in stock market fraud via fake IPO scheme

April 29, 2025

A Hyderabad man lost Rs 2.8 crore in a fake IPO scam after being lured through a Facebook ad and a fraudulent app called ASKMIN. Scammers built trust with fake profits before demanding more money. Authorities are investigating. Investors are urged to verify opportunities with official sources.

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