Explore the latest news, in-depth reports, and executive analysis tagged with #Online Fraud.
Capillary added it has recovered around Rs 4.9 crore and has identified additional funds while securing the freezing of related bank accounts.
The defrauded funds were quickly moved through multiple mule bank accounts, or routed through wallet top-ups on overseas fintech platforms, particularly Pyypl.
Customers who lose up to Rs 50,000 in fraudulent transactions could be eligible to receive up to Rs 25,000, or 85% of the net loss, whichever is lower.
