2 weeks Ago
Pune: A Pimpri Chinchwad 's automobile components firm was duped of Rs 7.16 crore in a ‘ CEO fraud ' where a crook posed as a firm's director based abroad, tricking the plant head into making the transfer between March 24 and April 20. The Pimpri Chinchwad cyber police registered a case on Wednesday after the accountant lodged a cheating complaint.
You Can Also Check: Pune AQI | Weather in Pune | Bank Holidays in Pune | Public Holidays in Pune Senior inspector Ravikiran Nale of the Pimpri Chinchwad cyber police told TOI that the fraudster, who posed as the company's director, contacted the accountant through emails and a cellphone messenger app, instructing him to deal with a firm in China for the purchase of raw material. "In the message, the accountant was also told to transfer 7.38 lakh euros to the Chinese firm without any delay.
The message sender also told the complainant that he had full authority to proceed with the transaction." The message also stated that the firm's legal adviser would send him the invoice and contract, Nale said. The officer said the accountant even replied to the message saying that the bank might raise doubts about the transfer of such a large amount, putting him in legal trouble.
"The accountant even requested his the ‘director' to involve another senior firm official in the deal. The ‘director' then assured him that the deal was within the legal and regulatory framework, followed by a ‘payment request letter' with the bank details in China and the beneficiary account details," Nale said. He said the ‘director' also texted the accountant not to leak any details about the deal as it could affect the process, leading to severe penalties.
"The ‘director' also mentioned that the money would be refunded within 10 days by the firm's head office. Without verification, the accountant transferred 7.38 lakh euros (Rs 7.
16 crore) to the bank account," he said. Nale said after the transfer, the accountant contacted the head office and realised that he was duped. "He approached the cyber police and lodged a complaint on Wednesday.
Investigations have revealed that the money was transferred to a bank in China," the officer added. Pune: A Pimpri Chinchwad's automobile components firm was duped of Rs 7.16 crore in a ‘CEO fraud' where a crook posed as a firm's director based abroad, tricking the plant head into making the transfer between March 24 and April 20.
The Pimpri Chinchwad cyber police registered a case on Wednesday after the accountant lodged a cheating complaint. Senior inspector Ravikiran Nale of the Pimpri Chinchwad cyber police told TOI that the fraudster, who posed as the company's director, contacted the accountant through emails and a cellphone messenger app, instructing him to deal with a firm in China for the purchase of raw material. "In the message, the accountant was also told to transfer 7.
38 lakh euros to the Chinese firm without any delay. The message sender also told the complainant that he had full authority to proceed with the transaction." The message also stated that the firm's legal adviser would send him the invoice and contract, Nale said.
The officer said the accountant even replied to the message saying that the bank might raise doubts about the transfer of such a large amount, putting him in legal trouble. "The accountant even requested his the ‘director' to involve another senior firm official in the deal. The ‘director' then assured him that the deal was within the legal and regulatory framework, followed by a ‘payment request letter' with the bank details in China and the beneficiary account details," Nale said.
He said the ‘director' also texted the accountant not to leak any details about the deal as it could affect the process, leading to severe penalties. "The ‘director' also mentioned that the money would be refunded within 10 days by the firm's head office. Without verification, the accountant transferred 7.
38 lakh euros (Rs 7.16 crore) to the bank account," he said. Nale said after the transfer, the accountant contacted the head office and realised that he was duped.
"He approached the cyber police and lodged a complaint on Wednesday. Investigations have revealed that the money was transferred to a bank in China," the officer added..
