Mallappa Sajjanagudda, a farmer from Kyadiguppa village in Kushtagi taluk of Koppal district, lost Rs 5.5 lakh after being deceived by cyber fraudsters who promised to arrange a loan for a tipper. The incident occurred after the victim approached an Axis Bank branch in Ilkal, Bagalkot district, seeking a Rs 40 lakh loan, but was informed that the bank did not offer such facilities. While at the branch, Mallappa saw a loan advertisement on an LED screen and contacted the displayed mobile number. Although his initial call went unanswered, he later received a call from a different number. The caller, speaking in Hindi, posed as a bank employee and assured him that the loan could be processed, requesting his Aadhaar details and ATM PIN. Trusting the assurances, Mallappa shared the information, only to discover that Rs 5.5 lakh had been withdrawn from his account. Following the complaint, the Cyber Economic and Narcotics (CEN) police registered a First Information Report (FIR) and launched an investigation to identify the perpetrators.
Koppal Farmer Drained of Rs 5.5 Lakh in Tipper Loan Fraud