Days after missing cyber awareness seminar, Mumbai firm director loses Rs 2 cr in cyber fraud
An employee was sent a message on WhatsApp from a number that had the photograph of the company director.
The incident took place between June 21 and 22 at a metal business company located in Lamington Road area of south Mumbai, police officials said. (Image generated using AI)
After the director of a Mumbai based company lost Rs 2 crores in a cyber fraud, Mumbai cyber police arrested one accused in the case from Ahmedabad and have managed to put a hold on nearly half of the duped amount.
The incident took place between June 21 and 22 at a metal business company located in Lamington Road area of south Mumbai, police officials said.
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An employee was sent a message on WhatsApp from a number that had the photograph of the company director.
“The person claimed to be his director and told him this was his personal number. The person asked him to transfer Rs 1.99 crores to that account of another company,” an officer said.
Not suspecting anything amiss, he transferred the money to only realize half an hour later that his director had not contacted him.
The duo rushed to the banks, called cyber helpline no 1930 and managed to get a hold on nearly Rs one crore. The south region cyber police arrested one Dhruv Jaiswal (32) on July 1 from Ahmedabad who had provided his details for the accused to create a bank account used to move the fraudulently obtained money.
According to police, the incident took place three weeks after the victim did not attend a cyber awareness seminar held for companies related to his industry.
When the director of the metal company approached the cyber police, the police realized that they had conducted an awareness drive at Metal and Stainless Steel Merchant’s Association (MASSMA) where his company too was listed.
“When we asked him about it, he said he had not attended the event. Among the various scams, we had mentioned that particular scam in which he lost money,” the officer said.
He added, “Had he attended the seminar, he may have not been duped. Generally when it comes to awareness, people don’t take it seriously. However, when it comes to cyber crime, awareness is important.”
The incident took place between June 21 and 22 at a metal business company located in Lamington Road area of south Mumbai, police officials said. (Image generated using AI) 
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