Ahmedabad man loses Rs 80 Lakh to cybercriminals without sharing banking details

Ahmedabad: A businessman in the city lost Rs 80 lakh to cybercriminals within a 24-hour period, despite not sharing his banking details with anyone.

The incident occurred when the mobile phone network of Kalpesh Shah, 52, a resident of Balaji Wind Park near Vaishnodevi Circle disappeared for a day, during which the funds were fraudulently withdrawn from his bank accounts. The victim reported the incident to the Cybercrime police, stating that he had not disclosed his banking information to anyone.

Investigations revealed that the criminals had hacked his device, obtained his identification documents, deactivated his SIM card, and reissued it in their own name. They used the new SIM card to receive OTPs and withdraw the money. The police have registered a case and are pursuing charges under relevant laws including Information Technology Act. DeshGujarat