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Deccan Chronicle

National / Deccan Chronicle

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Fake IPO Scam: Man Who Lured Victim into Investing Rs.50 Lakh Arrested

After investing Rs.2 lakh and being allowed to withdraw small profits initially, the victim was persuaded to invest larger sums on the promise of higher returns. Once the victim deposited substantial amounts, he was asked to invest more money to close the IPO subscription.

7 Jan 2026 12:30 am