Maha: Businessman's phone hacked, Rs 99.50 lakh taken out of bank accounts

A businessman in Maharashtra's Thane city lost Rs 99.50 lakh after his mobile phone was allegedly hacked, a police official said on Thursday.

The alleged hacking took place between November 6-7 and funds were transferred from his bank accounts to other accounts through net banking, the Wagle Estate police station official said.

A case has been registered under Indian Penal Code and Information Technology Act provisions and efforts were on to nab the accused, he said.