Home CITY UPDATES Accounts will be freezed to curb financial frauds: Karnataka police

Accounts will be freezed to curb financial frauds: Karnataka police

Picture Source: bangkokpost.com


The Karnataka government and Police department have decided to set up a new system to check financial frauds by freezing the accounts of scammers within the ‘golden hour’.

The decision was taken at a meeting chaired by Minister for Home Basavaraj Bommai, in which the Advocate General, Additional Chief Secretary (Home), State and City Police Chiefs, RBI Regional Director and bank heads discussed ways to prevent such crimes.


Earlier, the Banks were demanding FIR to freeze the account of the receiver, but if the new system is implemented, the victim can send an SMS or WhatsApp message, phone call or email to the banks about the fraud, who will initiate quick action and stop the money from being withdrawn.

Police officers noted that soon after a fraud is committed, the next one hour is considered as the golden hour to stop the damage. This can be done by stopping the fund flow by reporting the fraud to the bank/law enforcing agency.

DG&IGP Praveen Sood said Karnataka police was formulating a process in which the victims can report the scam either through phone call, SMS or email.

A unique number is generated, which would be considered equal to an FIR number. He suggested that banks consider this unique number and temporarily freeze the account of fraudsters and prevent further damage. (Agency)


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