Ahmedabad

Ahmedabad Trader Loses ₹1.60 Lakh After Mobile Phone Is Allegedly Hacked

By GS Team
13 Sep 20261 min read
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Ghodasar steel trader loses ₹1.60 lakh to fraudsters who hacked his phone and drained his IDFC First Bank account. Jigar Kaushikbhai Joshi reported unauthorized debits before receiving OTPs, prompting a police investigation into the compromised device and recipient accounts. This cyber fraud highlights growing online banking risks.

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Ahmedabad Trader Loses ₹1.60 Lakh After Mobile Phone Is Allegedly Hacked
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A 53-year-old steel trader from Ghodasar allegedly lost ₹1.60 lakh after unknown fraudsters hacked his mobile phone and transferred money from his bank account, Isanpur police said.

Jigar Kaushikbhai Joshi, a resident of Ilu Apartment in Jayant Park Society, Isanpur, runs an iron and steel business, Krishna Traders, in Maninagar. He maintains a savings account with IDFC First Bank in Maninagar.

Money Debited Before OTPs Arrived

Joshi suddenly received two messages informing him that money had been debited from his bank account. Soon afterwards, he began receiving OTPs from several different numbers.

Suspecting that his mobile phone had been compromised, Joshi immediately went to the bank to check his account.

The bank's investigation showed that ₹1.60 lakh had been transferred in two transactions — ₹73,000 and ₹87,000 — to accounts held with other banks.

Trader Reports Fraud To Cyber Helpline

Joshi immediately contacted the cyber fraud helpline at 1930 and subsequently approached Isanpur police.

Police have registered a case against unidentified persons and launched an investigation to determine how the mobile phone was allegedly compromised and trace the accounts to which the money was transferred.

The police are also examining the transactions and other technical details as part of the probe.