IIM Ahmedabad employee fooled in Rs 50 lakh bogus SME IPO pitch via WhatsApp trading scam

June 11, 2025

An IIM-Ahmedabad manager was swindled out of nearly Rs 50 lakh in an elaborate online trading scam. Lured through a Facebook link to a WhatsApp group offering stock market tips, the victim invested in a bogus IPO scheme via a fraudulent mobile app.

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