Man loses Rs 1.9 lakh to KYC scam

NT Correspondent

Mangaluru: 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.

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.