Tobacco trader cheated

Tobacco trader cheated
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Highlights

Tobacco Trader Cheated, Tobacco Trader of Prakasam District, Cyber Crimes. The hackers managed to transfer the amount to the USA and Turkey and pocket it. Kotaiah who realised the cheating and loss of cash later lodged a complaint to Tangutur police. A case under cyber crime has been registered.

International cyber gang hacks his account, dupes him of ` 2.35 cr

Ongole: A prominent tobacco trader of Prakasam district, Bellam Kotaiah, has fallen victim to cheating of an international gang of hackers, in the process losing Rs.2.35 crore, which was due to him from Bulgaria.

The hackers managed to transfer the amount to the USA and Turkey and pocket it. Kotaiah who realised the cheating and loss of cash later lodged a complaint to Tangutur police. A case under cyber crime has been registered.

He has been exporting tobacco for several years raising the status of his firm, Indian Tobacco Traders, with Tangutur as the centre, to international level. His transactions take place through online banking.

Realising this, the fraudsters hacked his e-mail account and sent a mail to Delcom company in Bulgaria seeking a deposit of Rs.2.35 crore in Vijaya Bank, Tangutur, and managed to transfer the amount into their account in Turkey and the US. The fraud was exposed after his firm informed Delcom that the amount was not received by it. The police suspect the involvement of some Nigerians who allegedly resort to cocaine smuggling.

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