Hyderabad: Man loses Rs 1.6 lakh to card fraud

Hyderabad: A 33-year-old sales executive was duped of nearly Rs 1.6 lakh by a fraudster who posed as a bank official and offered to increase the limit on his credit card.

Complainant B. Sai Prakash said the fraudster approached him pretending to be an SBI employee and could increase the credit card limit based on his debit card.

Lured by this, Prakash shared the debit card details. The fraudster apparently changed the details, and Prakash received an OTP. He gave this detail as well to the fraudster.

Then, Prakash received SMS alerts from the bank showing that Rs 1.57 lakh had been withdrawn from his account. It was then he realised that he was cheated. He approached the cyber crime police who booked a case under IPC Section 419 (punishment for cheating) 420 (cheating) and the IT Act.