Mumbai businessman loses Rs 7.5 crore in SIM swap fraud as police recover Rs 4.65 crore

zeenews.india.com

A Mumbai businessman lost Rs 7.5 crore in a SIM swap fraud, where scammers took control of his mobile number to access his bank account. The fraud occurred in Kandivali on Monday. Police quickly froze Rs 4.65 crore of the stolen funds within four hours. The victim reported the incident to the cyber helpline and provided details of the unauthorized transactions. The fraudsters transferred the money to various accounts shortly after gaining access. Most of the remaining funds have already been withdrawn by the scammers.


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