Mysuru: College principal loses Rs 4 lakh in OTP fraud

TNN | Updated: Apr 13, 2020, 11:00 IST

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MYSURU: In an OTP fraud, a pre-university college principal lost Rs 4 lakh after falling prey to the trick of linking Aadhaar number to his bank account.
Cybercrime, economic offenses, and narcotics (CEN) police, who launched an investigation, said the victim has an account in a nationalised bank which was recently merged with another nationalised bank. “Recently, he received a call from an unknown number. The caller claimed to be the bank’s branch manager. He informed the principal that his bank account is not linked to Aadhaar number and a One Time Password (OTP) will be sent to his registered mobile number for Aadhaar seeding. The principal shared the OTP he received on his mobile number. The scamsters then withdrew money 18 times from his bank account totalling Rs 4 lakh,” police said.
An FIR was registered under various sections of the IPC and Information Technology Act, 2008.
Meanwhile, police have requested bank customers not to share OTP with anyone under any circumstances. “Scamsters pose as bank officials and seek OTP in the guise of Aadhaar seeding, providing money under various schemes, postponement of loan instalment, etc. But the public should not share the OTP,” they said.