Lucknow Resident Files FIR Against Bank Staff Over ₹11 Lakh Cyber Fraud
₹11-lakh cyber fraud: FIR against bank staff after court order in Lucknow
Hindustan Times
Image: Hindustan Times
A Lucknow resident, Kumar Vikram, lost over ₹11 lakh in cyber fraud linked to unauthorized bank transactions. After the bank failed to act promptly, he took legal action, leading to an FIR against bank staff under the Information Technology Act. The case raises serious concerns about bank security protocols.
- 01Victim lost ₹11.05 lakh due to unauthorized bank transactions.
- 02FIR filed against bank staff after court intervention.
- 03Bank allegedly delayed action despite being informed promptly.
- 04Concerns raised over lack of OTP verification for large transactions.
- 05Bank reversed a temporary credit of ₹16.05 lakh without notice.
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Kumar Vikram, a resident of Lucknow, Uttar Pradesh, India, fell victim to a cyber fraud that resulted in a loss of ₹11.05 lakh. The fraud was discovered on June 20, 2024, when he received an SMS alert about an unauthorized transfer of ₹5 lakh. Despite notifying the bank immediately, Vikram claims that the bank took no swift action, prompting him to seek legal recourse. Following a court order, an FIR was registered on April 11, 2024, at the Jankipuram police station against the manager and employees of a private bank’s Jankipuram branch. The FIR highlights that multiple unauthorized transactions occurred, including amounts of ₹3.50 lakh, ₹1.50 lakh, and ₹5,000 prior to the alert. Vikram criticized the bank for its security protocols, noting the absence of OTP verification for significant transactions. The bank temporarily credited his account with ₹16.05 lakh during its investigation but reversed this amount on September 17, 2024, without prior notice, further eroding his trust. Ultimately, the bank attributed the transactions to
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This incident highlights significant vulnerabilities in banking security, potentially affecting customer trust and prompting calls for better fraud prevention measures.
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