In a startling instance of cyber fraud, a 70-year-old retired engineer from Rohini, Delhi, lost ₹10.3 crore to scammers after falling for a well-planned scam. Under the guise of a court dispute involving an accused courier in his name, the victim—a distinguished university graduate who held high positions in reputable businesses—was tricked into falling into the trap.
Credits: The Free Press Journal
How the Scam Unfolded
The victim’s ordeal began with a seemingly harmless call claiming a parcel addressed to him contained banned medicines from Taiwan. The fraudsters, impersonating courier officials, informed him that an FIR was imminent unless he cooperated.
Using fear as a weapon, the callers demanded personal details and manipulated the victim into isolating himself. They instructed him to lock himself in a room, ensuring his compliance by making him sit in front of his phone or laptop camera.
Adding a layer of credibility, the fraudsters introduced a supposed police officer from Mumbai Police. This imposter gained the victim’s trust by offering assistance to resolve the fabricated legal crisis.
The Financial Deception
The impersonator played the role of a savior, claiming to help the victim clear his name. Under this pretense, the victim was asked to deposit ₹10.3 crore into a series of bank accounts. Fearing repercussions, the elderly man complied, unaware that his money was being siphoned off by the con artists.
The money was later distributed across multiple accounts by the perpetrators, making it challenging to trace.
Realization and Police Involvement
It was only after transferring the substantial amount that the victim realized he had been duped. Acting swiftly, he reported the matter to the police, who transferred the case to the cybercrime team.
So far, investigators have managed to freeze ₹60 lakh in the accounts used by the fraudsters. Efforts are underway to recover the remaining amount and track down the criminals.
Credits: Deccan Herald
The Sophisticated Tactics of Cybercriminals
This case exemplifies the evolving methods used by cybercriminals to exploit individuals:
Impersonation and Legitimacy: Fraudsters pretended to be from a courier service and later as police officials, using legal jargon to sound convincing.
Psychological Manipulation: The victim was isolated and subjected to intense fear, making him compliant to their demands.
Complex Financial Maneuvers: Funds were swiftly moved across various accounts, complicating recovery efforts.
The Alarming Rise in Cyber Fraud
Cyber fraud incidents have seen a steep rise across India. Criminals are targeting individuals from all walks of life, using technology and psychological tactics to deceive even the most educated individuals.
This case highlights the vulnerabilities of senior citizens, who often fall prey to scams involving fear-based coercion and authority impersonation.
How to Protect Yourself Against Cyber Fraud
While the cybercrime team is making strides in this case, prevention remains the best defense against such scams. Here are a few essential tips to safeguard yourself:
Verify Caller Identity:
If someone claims to represent an organization, independently verify their credentials before sharing any personal information.
Avoid Panic:
Scammers often use fear to manipulate victims. Take a moment to evaluate the situation calmly before acting.
Do Not Share Financial Details:
Never disclose bank account information, PINs, or OTPs over the phone or online.
Consult Authorities:
If threatened with legal action, contact the relevant authorities directly for confirmation.
Stay Informed:
Awareness of common cyber fraud tactics can help you identify red flags.
Steps by Law Enforcement
A portion of the stolen money has already been frozen by the Delhi Police’s cyber team, and they are actively pursuing the remaining portion. They are also looking into the network of accounts used in the scam and the source of the fake calls.
Since prompt action greatly improves the likelihood of retrieving stolen funds, authorities stress the significance of reporting such events as soon as possible.
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