Hyderabad: The cyber crime police registered a corporate email hacking case in which it was stated that the hacker allegedly collects database of company related information and hacks email ids and intercepts it to transfers funds to their account.
According to the Cyberabad police, they received a complaint from one M A Padmanabha Rao, Financial Controller for VoltaImpex private limited, Kondapur, in which he stated that the VoltaImpex is engaged in the business of export of engineering goods to customers, who are located in West African Region.
One of the customers being Diamond Cement (Mali) situated in Mali of West Africa. Tamil Vannan, financial controller at the Diamond Cement used to communicate with Murali Krishna, Accounts Executive for VoltaImpex.
In December 2018, Tamil Vannan received a mail from Murali Krishna for deposit of pending payments and in January 2019, Tamil Vannan received a mail from a fake email id about the new bank account details for the transfer.
Accordingly, on Wednesday, Diamond Cement had remitted USD 1,259,500.50 to the fake id but the VoltaImpex received a fake SWIFT copy from fake email id, showing Andhra Bank account details of VoltaImpex as beneficiary.
Since, the remittance was not credited into their account, they contacted Diamond Cements, who informed that they transferred the funds to Bank of America, VoltaImpex realised that they were cheated and filed a complaint.