The Noida-based Indian branch of an American corporation was defrauded of Rs 3.52 crore by a cybercriminal posing as a director, police reported on March 30.
A complaint has been filed and Rs 52 lakh has been successfully blocked from the fraudulent transactions by the Noida police’s cybercrime section.
According to sources, the scam occurred on March 26 of this year when a director of the firm got a WhatsApp message from an unidentified number. The sender, who is now known to be a scammer, claimed to have changed his cellphone number and requested an urgent money transfer to a client while posing as another director of the same business.
The cybercriminal then sent another message claiming to be negotiating a new project with certain government officials. He then requested a security deposit transfer, giving several bank account details for the transaction, in accordance with the protocol.
The victim, the real director, approved many payments totaling Rs 3.52 crore because he thought the request was legitimate.
When the real director, whose identity had been stolen, discovered the transactions and got in touch with the victim director right once, the scam was exposed. When the firm discovered the scam, it notified its banks and lodged a complaint on the website of the cyber fraud branch.
The American corporation, which has its headquarters in Atlanta, has more than 15 branches across the world, including one in Sector 63 of Noida, Delhi-NCR. To find the culprits and retrieve the remaining money, police have opened an inquiry.
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