38.6c New Delhi, India, Friday, March 29, 2024
Crime, Police And Law

Mumbai Businessman Cheated Of Rs 1.86 Crore To SIM Swap Fraud

By LawStreet News Network      04 January, 2019 12:00 AM      0 Comments
Mumbai Businessman Cheated Of Rs 1.86 Crore To SIM Swap Fraud

A Mumbai based textile merchant has recently lost at least Rs 1.86 crore in a SIM card swap fraud case after he received six missed calls on the intervening night of December 27-28, 2018.

The incident came to light when the businessman approached the BKC Cyber Police Station with a complaint.

According to the complaint, the businessman received six missed calls after which his cellphone stopped functioning. The next morning, he found that his bank account, which was with a co-operative bank and whose details were linked to his mobile phone, had been almost emptied during the night, a police official said.

It was found out that at least Rs 1.86 crore was fraudulently transferred from his account through RTGS/NEFT by unidentified persons to 24 accounts of various banks in Delhi, West Bengal, Jharkhand and some northern states, the official added.

Moreover, the official also informed that the businessman rushed to his bank and tried to stop fraudulent money transfers. However, the bank managed to bring back only Rs 20 lakh and was able to freeze some more amounts.

Based on the complaint, an offence has been registered against unidentified persons under various Sections of the Indian Penal Code, 1860- 417 (cheating), 419 (cheating by impersonation), 34 (acts done by several persons in furtherance of common intention) and also relevant provisions of the Information Technology Act, 2000.

The police suspect the accused persons got access to the businessman's unique SIM number and initiated a SIM swap and then moved his money to other bank accounts through multiple transactions, the official said.

They may have got the businessman's SIM card details with the help of a malware, a type of computer virus, the official added.



Share this article:

User Avatar
About:


Leave a feedback about this
TRENDING NEWS

arvind-kejriwals-plea-for-interim-release-rejected-by-delhi-high-court
Trending Judiciary
Arvind Kejriwal's plea for interim release rejected by Delhi High Court [Read Order]

Delhi High Court rejects Arvind Kejriwal's plea for interim release in money laundering case related to liquor policy scam, pending ED's response.

28 March, 2024 10:50 AM
youtuber-strings-plea-against-youtube-accounts-suspension-andhra-pradesh-hc-issues-notice-to-centre-google
Trending Top Stories
BREAKING: Youtuber String’s plea against Youtube accounts suspension: Andhra Pradesh HC issues notice to Centre, Google

Andhra Pradesh High Court issues notice to the Centre and Google LLC on Youtube journalist String’s plea against suspension of its accounts by Google (which owns Youtube).

28 March, 2024 11:26 AM

TOP STORIES

delhi-liquor-scam-court-remands-arvind-kejriwal-to-ed-custody-till-march-28-read-remand-application
Trending Judiciary
Delhi liquor scam: Court remands Arvind Kejriwal to ED custody till March 28 [Read Order]

Delhi liquor scam: Arvind Kejriwal remanded to ED custody till March 28. Court grants agency permission for interrogation in liquor policy case.

23 March, 2024 11:53 AM
sc-dismisses-centres-plea-for-review-of-judgment-directing-ed-to-furnish-written-grounds-of-arrest-to-pmla-accused
Trending Judiciary
SC dismisses Centre’s plea for review of judgment directing ED to furnish written grounds of arrest to PMLA accused [Read Order]

Supreme Court dismisses Centre's plea, upholds judgment mandating Enforcement Directorate to provide written grounds of arrest in PMLA cases.

23 March, 2024 03:14 PM
kerala-hc-to-hear-lesbian-couples-plea-against-forced-conversion-therapy-on-april-9
Trending Judiciary
Kerala HC to hear lesbian couple’s plea against forced conversion therapy on April 9

Kerala HC will hear a lesbian couple’s plea highlighting that one of them was subjected to forced conversion therapy.

23 March, 2024 03:30 PM
how-can-people-be-compelled-to-vote-madras-hc-asks
Trending Judiciary
“How can people be compelled to vote? Madras HC asks

“How can people be compelled to vote?”, the Madras HC queried in a plea asking employers in Tamil Nadu to demand proof from employees of having voted on polling day.

23 March, 2024 05:04 PM

ADVERTISEMENT


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email