With the daughter of billionaire Palonji Mistry, Rs. 90,000 cyber fraud

Mumbai, Ta. Tuesday, September 22, 2020

The cyber criminal swindled Rs 90,000 from the bank account of Laila Rustam Jahangir, 62, daughter of billionaire Pallonji Shapoorji Mistry, between June and July. An FIR has been lodged in the Colaba police station in this regard.

According to the Colaba police station, Laila, who lives in Dubai, had authorized her father Pallonji Shapoorji Mistry to manage her bank account on her behalf. In 2018, Mistry authorized his company director Feroz Bhate to handle all financial transactions in Laila's account.

Bhatena had handed over responsibility for Laila's account to 60-year-old Jayesh Merchant, the company's deputy general manager. Jayesh Merchant's mobile number is registered in Laila's account and SMS alerts of Laila's bank account were sent in his mobile.

The merchant's mobile received a message on July 1 and 2 that Rs 90,000 had been transacted in Laila's account through a debit card. The merchant told the bank that he had not taken any debit or credit card for the account. So the bank said that a debit card was issued from this account in 2018 and it was sent by courier to the company's Colaba office.

The card was issued in the name of Bhatena, a director of the company. Bhatena, on the other hand, never got the card. Investigations revealed that the offender had paid the bill through this debit card at a restaurant and cake shop.