55-year-old man loses Rs 4.8 lakh to ‘online fraud’, wins Rs 5 lakh from Canara Bank
A 55-year-old man lost Rs 4.84 lakh due to unauthorised transactions from his Canara Bank account on March 17, 2025. He reported the fraudulent activity to both the bank and the cybercrime police immediately, but the bank did not return the money. A Karnataka Consumer Commission directed Canara Bank to pay the man Rs 5.04 lakh, including compensation and litigation costs, for failing to prove he shared his OTP or account details with fraudsters.
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