Udupi: A man from Udupi allegedly lost Rs 17.5 lakh after cyber fraudsters impersonating bank representatives tricked him into sharing his banking details under the pretext of updating his KYC information.
A complaint has been registered at the Udupi CEN police station in connection with the incident.
Fraudsters pose as bank representatives
According to the complaint filed by Ajay Jagadish, he received a WhatsApp message on August 27 from a person who identified himself as Shivakumar and claimed to be a bank representative.
The sender allegedly told Ajay that his KYC details needed to be updated and sent an APK file along with the message. Believing the communication to be genuine, Ajay followed the instructions provided by the sender.
He subsequently entered his bank account details through a link shared with him on WhatsApp.
Daily transaction limit allegedly increased
According to the complaint, the fraudsters then obtained details of another bank account linked to Ajay. They allegedly increased the daily transaction limit of the account, enabling larger transactions to be carried out.
On September 2, the accused allegedly transferred a total of Rs 17.5 lakh from the complainant’s bank account through multiple transactions to different bank accounts.
Ajay later realised that he had been deceived and approached the police.
Case registered under IT Act, BNS
The complainant alleged that the accused had impersonated bank officials and cheated him, causing a financial loss of Rs 17.5 lakh.
The Udupi CEN police have registered a case under Section 66(d) of the Information Technology Act and Sections 319(2) and 318(4) of the Bharatiya Nyaya Sanhita (BNS).
The police are investigating the transactions and the identities of those allegedly involved in the fraud.