What are the consequences for the individual or business responsible for fraudulent charges?

In India, the consequences for the individual or business responsible for fraudulent charges can be severe. The offender can be prosecuted under the Information Technology Act, 2000, and other relevant laws. The penalties can include imprisonment, fines, and seizure of assets. The business can also face legal action and reputational damage, which can impact their future prospects. Additionally, the affected individual may be entitled to seek compensation for any losses incurred due to the fraudulent charges. It is essential to take preventive measures and follow best practices to avoid such incidents.