A 76‑year‑old man from Kolkata disclosed that he had lost ₹3.5 lakh due to a KYC fraud that was discovered only after the money was transferred. The victim reported the incident to local authorities, who are investigating the source of the fraudulent KYC documents. The case has drawn attention to the need for stricter verification processes, especially for older adults who may be more vulnerable to scams.
While the exact details of how the fraud was carried out remain under investigation, the incident serves as a warning to residents to verify any KYC requests and to report suspicious activity promptly. The police have urged citizens to be vigilant and to double‑check documentation before completing any financial transactions.
The incident underscores the broader issue of identity theft and financial fraud in Kolkata, prompting discussions on better safeguards for the elderly demographic.
