Karnataka: Teacher Loses Rs 7.47 Lakh to OTP, Internet Banking Fraud | Mangaluru News

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MANGALURU: A teacher lost Rs 7.47 lakh due to an OTP and online banking fraud in which the amount was withdrawn by the fraudsters after he availed a loan from the plaintiff’s account.
According to complainant Sajila A from Nelyadi in Dakshina Kannada district, her son Pranav received a text message on June 11 informing him that his bank card had been blocked. Subsequently, on June 23, he received another text message asking him to dial a “customer service” number (8240871104) to update his KYC.
When Pranav dialed the number, the fraudster was looking for the bank account details of another family member. As a result, he gave details of his mother’s bank account number and mobile phone number. Later, he revealed to the scammer an OTP number he had received via text message on his mother’s cell phone.
The fraudster also made Pranav go to an ATM and do some internet banking. After Pranav followed all the instructions given by the fraudster while online banking, a loan amount of Rs 8 lakh was credited to his mother’s account. However, unbeknownst to the mother and son, the fraudster withdrew Rs 7,47,080 from the account through several transactions on the same day.
CEN Police filed a case under Sections 66(C), 66(D), IT Act and 420 IPC.

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