The Rs 500-crore HiBox investment app scam reveals many loopholes
The investment app fraud is a classic ‘pig butchering’ scam, where victims are ‘fattened’ by encouraging small investments with steady payouts. Sadly, this one could be just one of many.
Subscribe to read this story
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
$99 for one year
Not ready to subscribe? Sign up for a free account
We value our free readers. Read 100+ stories every year.
More in Tech
You may also like
The other challenge that Rajiv Anand faces at IndusInd Bank
High levels of attrition, a leadership coterie and allegations of a toxic work culture combine to give the new CEO an HR headache—one that he must tackle with little help from the RBI.
Preparing to love China once again
India is warming up to the idea of doing business with China. Little is expected to change in the trade skew, but Chinese foreign direct investment will be a welcome boost.
HDFC Bank charged with ripping off NRI depositors. Now it is set to pay
Allegations of misselling risky AT1 bonds to retail investors come as a new headache for India’s largest private bank. The regulatory backlash could leave a $100 million hole in its books.