Cyber frauds hack FD details; cheat account holders

HYDERABAD: Cybercriminals hit upon a new method to cheat bank account holders. They started opening fixed deposits (FD) of their targets and using them to secure overdraft, according to the police.

One of the victims, D. Vaijinath, a 77-year-old retired officer, said around Rs 13.50 lakh was siphoned off from his eight fixed deposits (FD) which were meant for his grandchildren.