Cyberabad police recover ₹1 crore lost in ‘boss impersonation’ scam
Cyberabad police successfully recovered ₹1 crore for a retail outlet after an accountant was tricked by a 'boss impersonation' scam. The perpetrator, who used a forged WhatsApp profile to request the transfer, was arrested in Lucknow and the funds were restored within 10 days.
Why it matters
This case highlights the growing prevalence of sophisticated financial cybercrimes and the importance of rapid reporting to law enforcement.
Cyberabad Cyber Crime police have secured and restored ₹1 crore allegedly lost by a saree retail outlet in a boss impersonation scam, with a 37-year-old man arrested in connection with the fraud.
The accused, Deepak Kumar, a water-plant business operator from Lucknow, Uttar Pradesh, allegedly used a forged WhatsApp profile to impersonate the proprietor of the retail outlet.
On August 4, the outlet’s accountant received a financial request through the forged profile, which he believed belonged to the proprietor. Acting on the request, he transferred ₹1 crore from the victim’s Karur Vysya Bank account to an IndusInd Bank account.
During the investigation, Cyberabad Cyber Crime police found that the money had been routed through a corporate current account in the name of Royal Moda Pvt. Ltd., which was allegedly being used as a mule account to route fraudulent proceeds.
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