Fraudsters pose as Paytm execs, siphon off money
Fraudsters in the guise of Paytm staff are cheating traders by offering loan and cashback schemes. They siphon off money by tricking victims into paying small amounts and observing their PIN. A street vendor lost Rs 80,000 when a miscreant posed as a Paytm staffer and applied for an instant loan on her behalf.
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