Retd BrahMos project director loses Rs 2.9 crore in investment fraud
HYDERABAD: A 69-year-old retired project director of the Defence Metallurgical Research Laboratory (DMRL) and the BrahMos Aerospace lost Rs 2.89 crore in an investment fraud.
According to his complaint, unidentified persons contacted him on WhatsApp in November 2025 and induced him to participate in a scheme called “collective purchasing of shares.”
The scheme was presented as a pooled investment arrangement in which funds from participants would be deployed in block deals, FPOs, pre-IPO opportunities and private equity investments, promising discounts ranging from 15% to 35%.
