The Hindu·3 min read·medium
Telangana Secretariat ASO loses ₹42 lakh in fake IPO investment scam promoted on Instagram
T
The Hindu Bureau
✦AI Summary
A Telangana government official lost over ₹42 lakh after being targeted by a sophisticated online investment scam. The fraudsters used Instagram ads and fake WhatsApp groups to lure the victim into a fraudulent trading application.
A 47-year-old Assistant Section Officer (ASO) at the Telangana Secretariat was allegedly cheated of more than ₹42 lakh after being lured into a fake online IPO and stock trading scheme that was promoted through Instagram advertisements, WhatsApp groups and a fraudulent trading application.
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