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As we all know WhatsApp is the world's most popular instant messaging app, which is used by more than 3 billion people all over the world, it is a convenient platform for sharing media, making calls, and even discussing important matters. Along with these features, there are also dilemmas on WhatsApp. Fraudsters have found ways to take advantage of WhatsApp to cheat and defraud. HSBC Bank issued a warning to its customers about a fake WhatsApp group in the name of the bank's asset management division, let's know the full details about it-

What is happening?

HSBC Bank has alerted its customers about a fraudulent WhatsApp group called "85-HSBC Global Academy". The fraudsters behind this group are pretending to be representatives of HSBC Asset Management (India) Private Limited.

This scam group is using WhatsApp number 8008723938 and falsely claims to be associated with the official HSBC Asset Management team. HSBC has clarified that Venugopal Mangat and HSBC Asset Management (India) Private Limited are not associated with this fraudulent group in any way.

Key points of HSBC warning

Fake group name: 85-HSBC Global Academy

Scammer's claim: The scammer claims to be associated with Venugopal Mangat, an employee of HSBC Asset Management (India).

Contact number used by scammers: 8008723938

HSBC's clarification: Neither Venugopal Mangat nor HSBC Asset Management has any association with the fake WhatsApp group.

How to protect yourself

To avoid falling prey to this scam, do not join any WhatsApp groups that claim to be from HSBC Asset Management (India) Private Limited unless it is an official group.