Mangaluru: Man loses Rs 1.93 L in KYC scam

Team Udayavani, Sep 24, 2023, 6:50 PM IST

A man fell victim to a fraudulent scheme, resulting in the unauthorized transfer of Rs 1,93,210 from his bank account.

The con artist, posing as a legitimate service provider, deceived the complainant under the pretext of updating his KYC details, purportedly to prevent his credit card from being blocked.

The sequence of events unfolded when the complainant received a text message on his mobile device, instructing him to update his KYC information. Following this message, a stranger contacted him via phone, claiming that unless the KYC details were promptly updated, the complainant’s credit card would face imminent suspension.

Trusting the stranger’s seemingly urgent appeal, the victim obligingly entered his credit card number through a link provided by the caller. To further exacerbate the situation, the complainant divulged the One-Time Password (OTP) he received. This unfortunate disclosure proved to be the opening the fraudster needed to perpetrate the scam.

In a matter of moments, a staggering sum of Rs 1.93 lakh was surreptitiously transferred from the complainant’s bank account to that of the unscrupulous stranger, occurring in multiple phases.

Recognizing the severity of the situation, the victim promptly reported the incident to the CEN police station, prompting an investigation into the matter.