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Economic Times Markets

Trading Scam × India × Past month ×

Economic Times Markets • Jun 11, 2025

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

An IIM Ahmedabad staff member lost close to Rs 50 lakh after being deceived into investing in a fake IPO through a scam involving social media and a counterfeit mobile application.

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