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The Kerala High Court directed the State Bank of India (SBI) to refund ₹3.73 lakh to a customer who was a victim of cyberfraud. The Court ruled that since the customer reported the unauthorized transaction to both the bank and the police within the prescribed time limit, the bank failed to establish that the victim acted with negligence.
The Kerala High Court directed the State Bank of India to refund Rs 3,73,000 to an account holder who lost the money in an online fraud incident. The Court held that the bank failed to prove negligence on the part of the customer.
The CBI filed a chargesheet against five entities in connection with a Rs 1.8 crore 'digital arrest' fraud case. The investigation was initiated following directions from the Kerala High Court.
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