Two men lose 8 lakh to fake executives in Karnataka

BENGALURU: Two persons lost huge amounts of money to online fraudsters while trying to update know your customer (KYC) details of their Paytm digital wallet on July 7. They filed separate cases against the miscrean ts on July 9.
Sudham (name changed), 31, from RMV 2nd Stage said he was cheated of Rs 5.2 lakh.
"He received a call from an unknown number and the caller introduced himself as Suneel Kumar, a representative of Paytm.Kumar told Sudham that he had called to update his KYC. Sudham believed him and provided his bank details in reply to a message he had received. Within a few minutes, the miscreants siphoned off Rs 5.2 lakh from his bank account," a police officer said.
North CEN crime police have registered a case against unknown persons under IPC sections 419 (punishment for cheating by personation) and 420 (cheating) and various sections under the Information Technology Act.
Rs 3 lakh taken after SIM swap
Cyber criminals, who posed as representatives of Paytm, approached 60-year-old Lakshmikant (name changed) to update his KYC. Later, they swapped mobile SIM of the victim and siphoned off Rs 3 lakh from his bank account. West CEN crime police have taken up a case against three persons named by Lakshmikant on July 9.
"I received a call from an unknown number and the caller introduced himself as Rahul from Paytm's KYC division. He and his two associates contacted me over phone again and mails between 8pm and 10pm on June 8. They siphoned off money from my bank account after swapping my SIM," Lakshmikant alleged.