South Mumbai businessman loses Rs 29L to cyberfraud

  • Vijay Kumar Yadav, Hindustan Times, Mumbai
  • Updated: Feb 23, 2015 16:52 IST

A south Mumbai businessman lost Rs 29 lakh to cyber criminals, who created an email ID similar to one used by a firm the complainant deals with.

The accused allegedly hacked into email conversations between the complainant, Rajesh Shah, and a Tokyo-based company, Saera Corporation Limited. Shah is a Lamington Road resident and deals in stainless steel.

Posing as executives of the Tokyo company, the accused then sent Shah an email telling him to deposit money for an order, but in a different bank account. “Shah made a payment of $47,000 (Rs 29,26,690) on February 10 and asked the company to send the order to Mumbai,” said a police officer.

Shah realised he had been robbed only two days later, when the owner of Saera Corporation, Rajesh Kumar Malhotra, told him he had not received the money. Shah told Malhotra he transferred money according to the instructions in the mail. “But Malhotra said he did not send any mail with new bank account details,” the officer said.

Shah checked the ID to find the accused had changed one letter – from the company’s ID to By the time Shah contacted the bank, the accused had already withdrawn the amount from an account at a Yorkshire bank in the UK. Shah then approached the LT Marg police.

“We have registered a complaint under sections of the Indian Penal Code and the Information Technology Act for cheating,” said inspector Dattatray Murade, LT Marg police station. “We are trying to get the IP address of the system of the accused used. We are also taking help from the BKC cyber police,” Murade said.

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