Ahmedabad

Ahmedabad Mobile Snatchers Steal ₹ 1.16 Lakh From Businessman’s Bank Account

By GS Team
12 Oct 20262 mins read
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Motorcycle thieves in Ahmedabad snatched a businessman's phone, then fraudulently transferred ₹1.16 lakh via banking apps and UPI. The victim discovered the theft after replacing his SIM. Narol police are investigating the cyber fraud, examining CCTV, bank records, and how thieves accessed accounts. The case highlights mobile theft's financial risks and potential organised crime links.

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Ahmedabad Mobile Snatchers Steal ₹ 1.16 Lakh From Businessman’s Bank Account
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Two motorcycle-borne thieves snatched a transport businessman’s mobile phone in Ahmedabad’s Narol area and allegedly transferred ₹ 1.16 lakh from his bank account using banking apps and UPI.

The businessman discovered the fraud the next day after obtaining a replacement SIM card for his number. As soon as he inserted it into another phone, he began receiving messages about money being debited from his bank account.

He immediately contacted the 1930 cybercrime helpline. Narol police have registered a case under the Information Technology Act and are investigating the theft and subsequent online transactions.

Thieves Used Banking Apps to Transfer ₹ 1.16 Lakh

The businessman, who runs a transport business in Narol, was walking along the road while talking on his mobile phone when two unidentified men on a motorcycle snatched it and fled.

The following day, he obtained a new SIM card linked to the same number. After inserting it into another handset, he received several messages showing that money had been withdrawn from his bank account.

A preliminary investigation found that ₹ 1.16 lakh had been transferred to other bank accounts through banking applications and UPI services installed on the stolen phone.

Police Probe How the Fraud Was Carried Out

Investigators are examining how the suspects accessed the businessman’s banking applications and authorised the transactions.

One possibility is that the phone was unlocked when the thieves snatched it. Police are also examining whether the suspects used the SIM card in another device to receive one-time passwords (OTPs) or reset the UPI PIN.

However, the exact method used to access the account has not yet been established.

CCTV Footage, Bank Records Under Scrutiny

Narol police are examining CCTV footage and bank transaction records to identify the suspects and trace the transferred money.

The case has raised concerns about the financial risks associated with mobile phone theft, particularly when banking applications and digital payment services are accessible on a stolen device.

Police are also investigating whether the suspects acted alone or were linked to an organised gang involved in mobile snatching followed by cyber fraud.