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How 6 Missed Calls Left Mumbai Businessman Robbed Of Nearly 2 Crore




  1. A suspected case of SIM card swapping led to the fraud
  2. The businessman says he received six missed calls before the fraud
  3. A case has been registered with the cybercrime wing

A suspected case of SIM card swapping has led to a Mumbai-based textile businessman losing Rs.1.86 crore from his bank account. A case has been registered with the cybercrime wing of the Mumbai Police.

The businessman, whose identity is not being revealed, says he received six missed calls on his mobile phone between 11.44 pm and 1.58 am on December 27-28, after which the fraud took place. Cyber experts call it the “SIM swap”, in which criminals gain access to the data and use the OTP that is required to transfer funds. SIM swap is a relatively new and technologically advanced form of fraud that allows hackers to gain access to bank account details, credit card numbers, and other personal data. 

The businessman says he became suspicious when he noticed six missed calls on his phone. Two were from the UK. When he realized his phone had stopped working, he approached the service provider who informed him that the SIM card had been blocked on his request the previous night. “I was informed that I had put in a request to block my SIM around 11.15 pm on December 27. I disputed that as I had not put in any request to block the SIM card. After this, the service provider issued a new SIM card which was activated on the evening of December 29,” the businessman said.

There were 28 transactions from his account, he said, but he was not notified as his SIM card had been blocked by those behind the fraud.4

The businessman says he realised that he had been robbed when one of his employees approached the bank for a fund transfer and was told that the account was overdrawn. The businessman said, “On checking the accounts we found that there were 28 transactions transferring money to almost 15 different accounts. None of these transactions were initiated by us and the money wasn’t transferred to accounts we transfer funds regularly to.”

Deputy Commissioner of Police Akbar Pathan told reporters, “We have received a complaint that around ? 1.86 crore has been transferred from his current account. The criminals had his bank credentials and phone number. We want to tell people that if your phone is blocked without consent, please get it reactivated immediately and inform the police if you notice fraudulent transactions.”


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Breaking News: Silicon Valley Bank’s Collapse Sends Shockwaves Through Financial World – Is India’s Banking System Next to Crumble?



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Are Indian Banks Ready to Face the Heat of Rising Interest Rates?

As Silicon Valley Bank (SVB) faces the heat of collapsing amidst rising domestic interest rates, Indian banks are left wondering if they are next in line. With the Indian economy still recovering from the COVID-19 pandemic, the prospect of rising interest rates could lead to a devastating blow to the country’s banking sector. Will Indian banks be able to weather the storm or will they collapse like SVB?

Indian banks have already faced a tumultuous few years with multiple frauds and defaults taking place, leaving many questioning their resilience. With the Reserve Bank of India (RBI) indicating that it may hike interest rates in the near future, the pressure on Indian banks is set to increase. The question remains – are Indian banks prepared to face the heat of rising interest rates or will they buckle under the pressure? Only time will tell.

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Delhi: Businesses can now remain open 24×7, over 300 applications cleared by L-G



Photo by Rehan Fazal on Unsplash

From restaurants to transport services and BPOs to online delivery services, all those who apply for exemptions will be allowed to operate 24×7 in Delhi starting next week, with Lieutenant Governor V K Saxena approving the proposal to exempt 314 such places to operate all day long, some of them pending since 2016, officials said.

“The L-G has directed that notification to this effect be issued within seven days. The decision of providing exemption under Sections 14, 15 & 16 of the Delhi Shops & Establishment Act, 1954, is expected to boost employment generation and promote a positive and favorable business environment that is a prerequisite for economic growth. The decision will also provide a fillip to the much desired ‘nightlife’ in the city,” said an official.

Source: IndianExpress

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Swiggy Instamart figures, Mumbaikars ordered 570 times more condoms in the last one year



Customers are also ordering medical-related things through online shopping platforms. In metros like Mumbai, Hyderabad, Delhi, and Bangalore, people are buying goods online in large numbers. People living in metro cities including Bengaluru, Delhi, and Mumbai ordered an average of 6 million eggs in the last year.

These days people are doing online shopping fiercely in the country. Through Grocery Service Platforms, the goods of need are easily reaching people’s homes. From vegetables to medicines, just a few clicks on the smartphone are reaching people’s doorsteps. According to a survey, Swiggy Instamart has provided service to more than 9 million users between June 2021 and June 2022. In metros like Mumbai, Hyderabad, Delhi, and Bangalore, people are buying goods online in large numbers.

Healthcare products orders

Customers are also ordering medical-related things through online shopping platforms. According to a survey, Mumbaikars have ordered 570 times more condoms in the last 12 months. At the same time, in 2021, Instamart received orders for about two million sanitary napkins, menstrual cups, and tampons. Apart from this, a lot of orders have also been received for grocery items.

56 lakh packets of noodles ordered

According to the survey, between April and June last year, there was a 42 percent increase in the demand for ice cream in these metro cities. It was also learned that most of the orders were placed after 10 pm. In metro cities, people have ordered 5.6 million packets of instant noodles. In Hyderabad, users ordered around 27,000 bottles of fresh juice during the summer months.

60 lakh eggs ordered

The demand for eggs has increased manifold in the last two years. People living in metro cities including Bengaluru, Delhi, and Mumbai ordered an average of 6 million eggs in the last year. According to the report, customers from Bangalore and Hyderabad ordered the maximum number of eggs for breakfast. At the same time, people of Mumbai, Jaipur, and Coimbatore have ordered the maximum number of eggs online at the time of dinner.

Demand for dairy products

There has been a huge jump in orders for both tea and coffee. According to the report, there has been an increase of 2,000 percent in its demand. At the same time, 3 crore orders of milk have come for milk. People from Bangalore and Mumbai have placed more orders in the morning. Regular milk, full cream milk and toned milk are the most ordered dairy products.

Ordering fruits and vegetables

Orders for 62,000 tonnes of fruits and vegetables have been received in the last year. With 12,000 orders, Bengaluru tops the list of organic product buyers. At the same time, Hyderabad and Bangalore together have ordered more than 290 tonnes of green chilies in 12 months. Over 2 lakh orders have been received for bathroom cleaners, scrub pads, drain cleaners, and more in the last year.

Source: Aajtak

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