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Rs 30 lakh of senior citizen withdrawn fraudulently in Kashmir, recovered

Last Updated on January 28, 2022 at 5:30 pm

Cyber police of Kashmir has been able to recover Rs 30 lakh that were fraudulently withdrawn by a fraudster from bank account of a senior citizen.

A complaint was received from a senior citizen of Srinagar in which he stated that an amount of Rs 11 lakh has been fraudulently withdrawn from his bank account regarding which he has no knowledge. Cyber police Kashmir started investigation promptly into the matter.

Preliminary investigation revealed that the said Rs 11 lakh were transferred into the bank account of complainant’s nephew, who disclosed that he came in touch with scammers over social media sites and they motivated him to invest in online trading to receive hefty returns and direct credit to his bank account.

He further told police that he used another Rs 19 lakh from his father’s bank and invested the same in online trading/investment resulting in huge financial loss of Rs 30 lakh.

The Cyber team coordinated with the Bank authorities to ascertain the details of these transactions, where from it was revealed that the said hefty amount has been transferred through Unified Payment Interface (UPI) and Internet Banking into different online payment gateways after which the matter was further taken up with the gateway authorities to ascertain the transaction details.

The investigation team later traced all the transactions in different online payment gateways which were being used to exchange into foreign currency and whole amount of Rs 30 lakh was blocked and further refunded back to complainants’ bank accounts.