How to dupe both investors and customers?
Here’s a textbook case 👇
🚨 The AJIO × PNG Adgil Gold Scam (allegedly)
📅 Just before Q3 ended (Dec 30)AJIO sold PNGadgil gold coins at 3–5% below market price.
💰 Result?
👉 ₹100+ crore revenue in a few hours
👉 Orders flooded in, PNG Made bold statements as 138% growth on Ecomm Biz.
⏳ Fast forward 20+ days
❌ Not a single order shipped
❌ Now orders are being silently cancelled
Let’s be clear - this is NOT a coincidence.
Offer came on just 1 days before the Q3 end.
If stock wasn’t available,
❓ Why not cancel on Day 1 or Day 2?
❓ Why hold customer money for weeks?
❓ Why boost quarter-end revenue first?
This looks less like “operational delay” and more like window dressing + customer exploitation.
@AJIOLife@AjioCares@SEBI_India@jagograhakjago
@MapmyIndia@mappls@AravSrinivas As a fan of hyperlocal tech like Mappls, I'm curious: Do you have a community contributor program (similar to Google Local Guides) where users can help verify or add map details? It'd be awesome to get involved and support the swadeshi mission even more.