Vadodara cyber crime team successfully get back 31 lakhs (35,673 euro) of Synergy Traders deposited in a bank in Portugal as part of cyber fraud case
Complainant Ramesh Niladhar Shah owns a company Synergy Traders at Ellorapark in Vadodara and deals in raw materials of Borosilicate glass tube.
Complainant Ramesh Niladhar Shah owns a company Synergy Traders at Ellorapark in Vadodara and deals in raw materials of Borosilicate glass tube. He import the raw materials from German company SCHOTT AG and transfer the money to their account. The official conversion is done through email email@example.com.
However the foreign cyber criminals make the new email ID firstname.lastname@example.org by adding one extra 't' in the last word and contact the complainant through this email on 7th October 2021. They mentioned that due to change in global strategy the money will not deposited in the regular bank account in Germany and asked the complainant to deposit money in another account at Portugal.
The complainant then transfer 31 lakhs ( 35,673 euro) from his SBI bank account to the Portugal bank account on 8th October for the materials he imported. On 14th October the company send email to Shah about not recieveing any money from his bank account.
He made inquiry in the company branch at Mumbai and came to know that the company has not changed its account and someone with a fake email make him pay the money in the bank at Portugal as part of fraud.
Ramesh Shah gives a complaint in the cyber crime on 15 October. Looking at the seriousness of the crime the team get connect with the SBI bank and wrote a letter to Caixa Geral De Depositos bank Lisbon Portugal, Mumbai branch, SBI Frankfurt Germany branch and Lisbon cyber crime police station Portugal to stop and refund the payment. With quick action the police team get back the money deposited in the Portugal bank through cyber fraud on 18th October. Further investigation is on to nab the accused.