Content distribution firm founder loses ₹34 lakh in APK fraud | Hyderabad News

Hyderabad: The founder of a city-based content distribution company has lodged a complaint with Cyberabad police alleging that fraudsters accessed his phone through a malicious APK file and used his credit card details to siphon off ₹34.4 lakh.The complainant, a Kondapur resident, said he had been using an American Express credit card for several years, with his accountant regularly clearing the dues on the seventh of every month.“While reviewing the credit card statements I noticed unauthorised transactions totalling Rs 34.4 lakh. The amount had been debited from my credit card towards an e-commerce company without my knowledge or consent,” the complainant alleged.The complainant told police that eight fraudulent transactions occurred between April 29 and Nov 3, which he had never authorised. “I did not receive any OTPs or notifications regarding those transactions. When I examined my phone, an APK file was found, which the fraudsters apparently exploited to carry out the unauthorised transactions,” the complainant told police.The victim lodged a complaint on Nov 6. Based on his complaint, Cyber Crime police registered a case on Nov 10 under section 318(4) (cheating and dishonestly inducing delivery of property) of the Bharatiya Nyaya Sanhita (BNS) and section 66-C of IT Act.