Karnataka To Set Up System For Freezing Scammers' Account Within 1 Hour

To intensify measures against financial frauds, Karnataka government is planning to setup a system to freeze accounts of the fraudsters within the first hour of the transaction. The police plan to establish a process, wherein the victims can report the fraud through a call/message that will, in-turn, generate a unique number similar to an FIR number. Based on this, banks can immediately freeze the accounts of fraudsters.