78-Year-Old Businessman Duped of ₹53.96 Lakh in Cyber Fraud
Nagpur, India: A 78-year-old trader from Nagpur fell victim to cyber fraud after scammers posing as bank officials tricked him into paying ₹53.96 lakh under the pretext of closing his insurance policies.
The victim, Vijay Krishnarao Sontakke, a resident of Surendranagar, had been paying premiums for 15 to 16 insurance policies through auto-debit. When he decided to discontinue them, he contacted what he believed were legitimate representatives of the insurance companies.
Following an investigation, Bajaj Nagar police arrested two accused, Sai Vaibhav Bharat Das (20) from Sanjay Nagar, Ghaziabad, and Nishant Girish Tyagi (24) from Balaji Enclave, Ghaziabad. Both have confessed to the crime.
Authorities continue to warn citizens to be cautious of fraudulent calls and verify information directly with banks or insurance providers before making financial transactions.
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