Daijiworld Media Network - Mumbai

Mumbai, Jan 23: In an incident of fraud, a Borivali based firm was duped of Rs 22 lac after one of its executives shared details with a cyber fraudster over the phone. An FIR has been lodged at Borivali police station, and the police are looking for the culprit.

The executive, a 28-year-old oversees the administration at the firm and looks after payments made by customers and transactions in the firm's bank account.

The executive reportedly received a phone call on Thursday January 21, and was told that he was an employee in a private bank where the firm held a savings account that needed to be upgraded. The executive believed him and consulted his superior whose phone number was registered with the bank and shared the OTP with the caller.

The fraudster seemed to have made 110 transactions of Rs 20,000 each and duped the firm of Rs 22 lac. The executive then rushed to the police station and a case was registered under the provisions of the Indian Penal Code and Information Technology Act.