Pune: A Shivajinagar-based businessman became a victim of a sophisticated credit card scam, losing ₹11,69,741 through unauthorized transactions on a new credit card. The transactions occurred even before the businessman received and activated the card.

According to the complaint lodged at Chatuhshrungi Police Station, the incident began on November 22 when the businessman was at home, and his father received a call from someone claiming to be from American Express Customer Care.

The caller inquired about a transaction worth $999, which the complainant denied making. The caller then assured them that the transaction would be canceled, the card blocked, and a new credit card issued.

Following the instructions, the businessman had his old credit card blocked. On November 26, he received a new card via courier. However, on November 27, when he attempted to activate the card, he discovered that seven unauthorized transactions totaling ₹11,69,741 had been made on November 4, well before the new card was delivered.

The fraudulent transactions raise concerns about the security measures in place during the card replacement process. Chatuhshrungi Police have registered the case, and Inspector Nanavare from the Crime Detection Branch is leading the investigation.

Authorities are trying to identify the fraudsters and determine how the transactions were made on the new card before its activation.