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Lulu Group loses Rs 1.64 crore in email fraud: How impersonators used Italian company’s identity to cheat retail giant

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Lulu Group loses Rs 1.64 crore in email fraud: How impersonators used Italian company’s identity to cheat retail giant

Lulu Group loses Rs 1.64 crore in email fraud: How impersonators used Italian company’s identity to cheat retail giant

Lulu Group email fraud: Kochi City Police have registered a case and launched an investigation into an alleged email impersonation fraud in which unidentified persons posing as representatives of an Italian company cheated Lulu Group of around Rs 1.64 crore. According to the FIR, the fraudsters sent fake invoices and bank details for gaming equipment payments, prompting the group to transfer 150,500 euros to accounts provided by them.

Kochi City Police have launched an investigation into an alleged cyber fraud in which unidentified individuals impersonated representatives of an Italian company to cheat Lulu Group of around Rs 1.64 crore. The accused allegedly used email addresses resembling those of a long-standing business partner to send fake invoices and bank details, leading the retail group to transfer money into accounts provided by the fraudsters, officials said on Saturday. Lulu Group email fraud

According to the FIR, the alleged fraud occurred between September 2 and 29 this year. The accused allegedly created email addresses that closely resembled those belonging to IE Park SRL, an Italian company that has an established business relationship with Lulu Group. Advt

Using these addresses, the unidentified individuals allegedly posed as representatives of the Italian company and contacted Lulu Group with invoices and bank account details. The communications sought payment of outstanding dues for gaming equipment purchased by the group, the FIR stated. 64 crore, to the bank accounts mentioned in the messages, according to the complaint.


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