Bizman duped of ₹1.23 lakh in credit card fraud

A 35-year-old businessman from Hyderabad was duped of ₹1.23 lakh in a fake credit card reward point scam.

According to the complaint, the victim received a phone call from a person claiming to be an executive from IndusInd Bank. The caller informed him that he was eligible to redeem his accumulated credit card reward points and subsequently sent a link via WhatsApp to his Apple mobile device. However, the link failed to open on the iPhone.

The fraudster then instructed the victim to remove the SIM card from the Apple phone and insert it into an Android device. Once he did so, the link opened and prompted him to download an APK file, allegedly an official IndusInd Bank application. The victim was then directed to install the application and enter his credit card details.

Soon after submitting the information, ₹1,23,324 was fraudulently withdrawn from his credit card in four separate transactions, without the generation or receipt of any One-Time Password (OTP). Realising he had been scammed, the businessman lodged an online complaint. The cybercrime wing of the Hyderabad police took up investigation.

Published - June 04, 2025 07:10 pm IST