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The Hindu
The Hindu
National
M.P. Praveen

Police track dangerous trend of people trading off control of their bank accounts for a quick buck

The Ernakulam Rural police were in for a rude shock while interrogating an accused recently nabbed in connection with an online fraud in which a 63-year-old from Aluva was cheated of ₹1.15 crore.

It was found, the police say, that Ashwin, 25, one of the accused from Kozhikode, had sold access to his bank account to the racket behind the online fraud for a mere ₹15,000. The police traced transactions worth lakhs of rupees through the account about which he neither had any clue nor could give any logical explanation. Worse, he was found to have opened another account using the credentials of his mother-in-law and sold off that too in a similar manner, according to the police.

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