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    ITNewspapersThe Financial Express

    How a WhatsApp IPO scam, which promised 30 percent returns, looted Rs 19 Crore from 78-year-old businessman

    Binu Mathew
    By Binu MathewDecember 24, 2025

    As part of a new ongoing IPO scam on WhatsApp, a 78-year-old textile businessman from Delhi faced a digital nightmare that has cost him Rs 18.80 crore and his peace of mind. What began as a hopeful investment opportunity on a July morning in 2024 has become the second-largest cyber fraud case ever reported in the national capital.

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