Bank Fraud in Mumbai: Over 70 Customers of UBI’s Juhu Branch Lose Rs 20 Lakh in Six Hours, Probe On

According to a report by TOI, more than 70 customers of UBI’s Juhu Tara Road branch claimed that fraudsters had cloned their debit cards and siphoned nearly Rs 20 lakh in less than six hours.

News Team Latestly|
Bank Fraud in Mumbai: Over 70 Customers of UBI’s Juhu Branch Lose Rs 20 Lakh in Six Hours, Probe On
ATM Machine | Image Used for Representational Purpose Only | (Photo Credits: Money Control.com)

Mumbai, December 12: In another incident of bank fraud, several customers of Union Bank of India (UBI) in Mumbai found out that their debits cards were cloned and transactions to the tune of almostion">

Bank Fraud in Mumbai: Over 70 Customers of UBI’s Juhu Branch Lose Rs 20 Lakh in Six Hours, Probe On

According to a report by TOI, more than 70 customers of UBI’s Juhu Tara Road branch claimed that fraudsters had cloned their debit cards and siphoned nearly Rs 20 lakh in less than six hours.

News Team Latestly|
Bank Fraud in Mumbai: Over 70 Customers of UBI’s Juhu Branch Lose Rs 20 Lakh in Six Hours, Probe On
ATM Machine | Image Used for Representational Purpose Only | (Photo Credits: Money Control.com)

Mumbai, December 12: In another incident of bank fraud, several customers of Union Bank of India (UBI) in Mumbai found out that their debits cards were cloned and transactions to the tune of almost Rs 20 lakhs were made by fraudsters. According to a report by TOI, more than 70 customers of UBI’s Juhu Tara Road branch claimed that fraudsters had siphoned nearly Rs 20 lakh in less than six hours from their bank accounts. The report states that the withdrawals were done from ATMs of different banks between December 8 midnight and 6.30 am on December 9.

As soon as the incident was reported, police was alerted following which the bank has been asked to provide the details of the cash withdrawal to track the ATMs and get CCTV footage. Mumbai police spokesperson, DCP Pranay Ashok was quoted in the TOI report saying that the money, estimated at around Rs 15-20 lakh, was fraudulently withdrawn from UBI customers’ accounts. He further added saying that a case has been registered by bank manager V Subha. PMC Bank Scam: Rs 70 Crore Was Withdrawn by 23 Bankers, Clients Shortly Before RBI Sanctions, Reveals Mumbai Police's EOW.

Customers were in a state of panic and shock after they got to know that fraudsters had withdrawn money from their accounts. However, the bank has been cooperative and promised that the victims would be reimbursed their money within three days of submitting the dispute form. The report states that a huge crowd from Koliwada goathan at Khar had gathered at the bank’s branch to seek action.

(The above story first appeared on LatestLY on Dec 12, 2019 02:27 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

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