Mumbai doctor loses Rs 2.99 lakh in KYC fraud

Mumbai: In a case of Know-Your-Customer (KYC) cyber fraud, an 80-year-old retired doctor from Cuffe Parade in South Mumbai lost an amount of Rs 2.99 lakh after a fraudster posing as a digital payment company's executive lured the doctor into revealing his bank account details.

The accused transferred an amount of Rs 2.99 lakh from the bank account of the doctor after making him download a screen-sharing app.

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An FIR was filed in the Cuffe Parade police station on November 10. The complaint filed by the doctor on November 8 stated that he had received a text message on his mobile phone, which read as, "Dear Customer, Your PAYTM KYC has expired. Your PAYTM will be blocked within 24 Hrs. Please contact PAYTM OFFICE PH – 98******."

After getting the message, the doctor called on the given number considering it to be of a Paytm official. According to a media report in The Indian Express, the fraudster's true identification details were hidden since he used a Truecaller application, which showed the caller as Mahesh Sharma along with a PAYTM logo.