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2 men cheat billionaire who wanted to cash in on crypto boom, sell his ₹3,700-cr shares
short by Ashley Paul / on Saturday, 21 February, 2026
Two men, who were posing as capital fund Astor's senior executives, cheated Mexican billionaire Ricardo Salinas Pliego. Pliego planned to cash in on the crypto boom by borrowing $416 million (over ₹3,774 crore) against his company Grupo Elektra's shares. He approached the fraudsters, who presented a 31-page stock-loan agreement and sold his shares, kept as collateral, without informing Pliego.
read more at Moneycontrol