BENGALURU: A retired Bangalore University (BU) professor had not opted for net banking or mobile banking but lost his retirement funds of nearly Rs 13 lakh from his savings bank account to online fraudsters. Denied a refund, the 65-year-old man approached a city consumer court, which has now ordered the bank to return the stolen amount and pay Rs 35,000 for the trouble caused to him.
Prof KP Sreenath retired from BU after several years of service and received his retirement benefits totalling Rs 25 lakh, which he had kept in the SBI account he held in the Nagarbhavi branch of the nationalised bank. On March 11, 2019, Sreenath placed a request with the bank branch for the transfer of Rs 25 lakh to his account in another bank in Yadavanne of Kunigal taluk, Tumakuru district. But an RTGS money transfer attempt by the Bengaluru bank branch failed as the senior citizen had mistakenly provided a wrong account number. While the money remained in his Nagarbhavi bank branch, Sreenath left for Yadavanne to look after his farm.
