COMPANIES UNDER ATTACK

European firm loses ₹130 crore

On November 13, 2018, the email id below the a fraudster created a header being a fake email account and different one. As a part impersonated the of business expansions owner of a European in China, the fraudster company, which asked the Mumbai head operates business in to deposit some money the city. He sent an in a bank account. email to the head of The city company the Mumbai branch transferred USD 18.6 asking the latter to million (₹130 crore) to create a new email id accounts in China. The for him for conversaincident came to light on tions related to a January 22 when the confidential deal. The owner visited Mumbai Mumbai head did so, as from Europe and was he did not find informed about the anything amiss despite incident.

“Fraudsters claim they are operating with new bank account because of government audits or that there is a problem with the current bank account.”