Elderly Bengaluru Residents Lose Rs 80.5 Lakh in Sophisticated Banking Scam by Fake RBI Officials

Dec 07, 2025 12:14 am CST

Two senior citizens from Bengaluru have fallen victim to an elaborate financial fraud, losing Rs 80.5 lakh after scammers impersonated police and RBI officials. The 74-year-old complainant and his sister were threatened with fabricated money laundering charges and manipulated into transferring their life savings to fraudulent accounts after being coerced into breaking their fixed deposits.