The Kerala police have submitted reports to leading banks across the country, urging the closure of accounts that were involved in defrauding Malayalees of significant sums of money through fraudulent loan apps, online misconduct, and OTP scams. Details pertaining to these accounts will also be forwarded to the Reserve Bank of India. These accounts had been used to store funds acquired from swindling individuals in the state since 2021. Typically, banks freeze and close accounts when the police provide evidence and request such actions. The police have asked the banks to terminate these accounts within seven days of receiving the formal request.
Seventy of these accounts that were complicit in fraudulent activities are situated within Kerala. Investigations by the police revealed that the account holders had handed over control of these accounts to others, receiving a fixed monthly payment in return. These accounts acted as intermediaries for several groups engaged in online frauds. The remaining accounts are primarily located in Chhattisgarh and Delhi, with some in Rajasthan and North Eastern States. The police have uncovered that villagers are coerced into opening accounts in their names, which are subsequently exploited by criminal gangs to carry out fraudulent activities.
The Kerala police’s cyber operations wing anticipates that the mass ban on accounts that have been used for prolonged fraudulent activities will lead to a reduction in cyber cheating incidents in Kerala. This proactive step is aimed at curbing online fraud and protecting the financial well-being of the state’s residents.
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