Elderly man duped of Rs 1.7 lakh in cyber fraud

A 62-year-old businessman from the city has become the latest target to the cyber crooks, who duped him to the tune of Rs 1.7 lakh on pretext of ‘zero’ per cent interest loan on an insurance policy.

The complainant received calls from the scammers between August 9 and November 3, offering zero per cent



interest loan on an insurance policy worth Rs 10 lakh.

According to the cybercrime officials, the fraudsters claiming to be representatives of a reputed finance company, provided details via WhatsApp and asked the complainant to submit the application form. They instructed him to transfer Rs.80,000 as part of the process.