Ahmedabad, Sep 22 (PTI) A private company in Gujarat became the latest victim of the “boss scam” after a cyber fraudster allegedly tricked its employee into transferring Rs 3 crore to a bank account, officials said on Tuesday.
Thanks to swift action by the cyber cell, Rs 2,94,00,165 out of Rs 3 crore was put on hold. Subsequently, Rs 2,88,00,165 was returned to the complainant through a court order.
A Boss scam is a targeted cybercrime where fraudsters pose as high-ranking company executives to trick employees—especially finance and accounts teams—into transferring corporate funds or sharing sensitive data.
“On August 18, the complainant was contacted through an impersonated WhatsApp account by a fraudster who posed as his boss. He gained the employee’s trust and instructed him to make an urgent payment/financial transaction. The employee transferred Rs 3 crore from the bank account of the company to the account provided by the fraudster,” according to an official release.
A case was registered at the Cyber Crime Police Station, and further investigation was initiated.
“The Cyber Cell team managed to place Rs 2,94,00,165 out of the Rs 3,00,00,000 lost in the cyber fraud on hold/lien in time. Following prompt action, an amount of Rs 2,88,00,165 was returned to the complainant through a court order,” the release stated.
The process to recover the remaining amount is underway, it said, adding that the investigators are trying to trace the accused and the money trail. PTI KVM NSK
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