Mumbai: Man Loses Rs 53 Lakh In Cyber Fraud: Fraudulent Duped Victim Using Fake Logo Of Banking App

Bandra, 12th August 2023: A 43-year-old businessman fell victim to a well-orchestrated cyber scam, resulting in the unauthorised transfer of Rs. 53 lakh from his bank account. The Bandra Police Station has registered a case under the Prevention of Fraud and Information Technology Act in this case.

The complainant, a resident of Bandra West who runs a business of selling LED bulbs, received a message from an unknown number on August 8. The message purportedly informed him about 5,899 credit card points that he could redeem by clicking on a provided link. Lured by the promise of rewards, the victim clicked on the link, leading him to an application with a phoney bank account logo.

The fraudulent app prompted the victim to download it in order to claim the supposed rewards. As part of the application process, he was prompted to enter personal information, including his card number, mobile number, date of birth, and card expiration date. Upon completing the form and clicking the “claim” button, the victim was shocked to discover that three unauthorised transactions had been made from his bank account.

Realising that he had been hornswoggled by a scam, the victim immediately contacted his bank to report the fraudulent transactions. The bank promptly closed all further transactions on his account. Unfortunately, by that time, the fraudster had managed to transfer a staggering sum of Rs. 2.76 lakh from his account.

A formal complaint was lodged with the Bandra Police, leading to the registration of a case under the Prevention of Fraud and Information Technology Act against an unknown individual. The police have requested other necessary information from the victim regarding his bank and credit card transactions from the bank, on the basis of which they are investigating further.