Hyderabad: A Patancheru-based engineering company allegedly lost over ₹35 lakh after fraudsters hacked a vendor’s email account and tricked it into transferring payments to another bank account. On Thursday, S Bhargava (37), vice president of operations at the engineering company, which manufactures gas plants, approached the police with a complaint.
The company received an email at 12.14 pm on Oct 3 from the email ID of an engineering firm that regularly supplies machinery to it, according to the complainant. Based on the complaint, Cyberabad cybercrime police registered a case under Section 318(4) (cheating) of the Bharatiya Nyaya Sanhita and Section 66-D of the Information Technology Act on Thursday.
“The message said the vendor’s bank account details had changed and asked us to update our records for all future payments. The email also carried earlier genuine correspondence between the two firms in its chain, which left us with no reason for suspicion regarding the request to change bank account details,” the complainant told police.