Rs 3.3 crore stolen from businessman's account using SIM swap fraud

A 32-year-old Mumbai resident was arrested for fraudulently transferring Rs 3.3 crore from the bank account of a businessman to multiple accounts. According to cyber police, the accused stole the money using a SIM card swapping method. According to the police, the accused was keeping tabs on the businessman’s information and knew the victim’s mobile number. The accused approached the mobile service provider pretending to be the businessman and asked them to block his mobile number. After submitting fake documents, he obtained a new SIM card for the same mobile number. He then transferred the money using the OTPs he received for transactions on the new SIM.