Nagpur, Jan 12 (PTI) Posing as a bank executive, a fraudster allegedly duped a Nagpur-based man of Rs 7.43 lakh on the pretext of updating the KYC details of his account, police said on Wednesday.

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The victim, Sanjeev Kailash Dhawal (46), a resident of Laxmi Nagar area of the city, had received a phone call around 9.30 pm on Tuesday. Identifying himself as a bank executive, the caller asked him to update the KYC details of his account, an official said.

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After luring him into the trap, he procured his ATM card number and personal identification number (PIN). He gained access to his bank account by sending a one time password (OTP), which Dhawal shared with him, the police official added.

"Soon, the fraudster siphoned off Rs 7,43,849 from Dhawal's account. After the victim lodged a complaint, Bajaj Nagar police registered a case under IPC section 420 and the Information Technology Act," he said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)