MUMBAI: An 81-year-old man from Powai lost Rs2.9 lakh after a fraudster, who posed as a bank telecaller with a leading private sector bank, on Wednesday called and scared him that his savings bank account has been frozen and cannot do any banking transactions.
Powai police said the retired IIT-Madras professor has lost the money which was his pension. The fraud occurred at 5pm when he was told to share his banking details for activation. “Nine fraudulent transactions were carried out.