A man in Mumbai has lost more than INR 1.7 Crore in a Digital Arrest Scam. According to the FIR, he was first contacted by a man who claimed to be a police investigator. The person asked him whether he had some courier coming in. The man revealed that he was about to get documents related to his Mutual Funds. He carried on with the conversation.
The person over the phone said that the courier packet contained drugs and that the man faced arrest.. The victim fell for the bait, and what happened is common knowledge by now. He was told to transfer all the money that he had and went on to transfer close to ₹1.7 Crore in several tranches. When the man over the phone demanded more money, the victim said that he didn’t have any more cash.
The person on the phone told him to sell off his property in the native place. At this, the victim smelt a rat and did some quick research online. He found out that he had been scammed. When he confronted the scamster, he sent him a ‘sorry’ message and blocked the individual.
The FIR states all these details and more and even gives information about which bank accounts the person used to transfer such significant amounts. As we have asked earlier, we once again ask whether the banks that had such substantial amounts and saw these transfers should have been more vigilant about them.
With INR 1.7 Crore swiped off in less than five transactions, you can calculate the value of each transaction. Banks don’t allow cash deposits of more than INR 50,000. It is ludicrous to see that they enable bank transactions worth lakhs and, ultimately, crores without batting an eyelid. The victim transferred money via three bank accounts, two of which are among the most famous banks in India. Both of them have gone to town creating awareness advertisements about such scams.
It’s high time these banks woke up from their slumber before more people lose lakhs and become premium customers just for name’s sake.
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