https://in.reuters.com/article/us-mairetecnimont-india-fraud/chinese-group-swindles-18-5-million-from-indian-arm-of-italian-company-economic-times-idINKCN1P40KE
By Abhirup Roy; Editing by Himani Sarkar
Reuters
January 9, 2019
MUMBAI (Reuters) - A group of Chinese hackers robbed 1.3 billion rupees ($18.45
million) from the Indian unit of Tecnimont SpA through an elaborate cyber fraud
that included impersonating the Italian engineering firm’s chief executive, the
Economic Times reported.
The scammers sent emails to the India head of Tecnimont, part of the publicly
traded Maire Tecnimont, from an account that looked similar to one used by the
Italian group’s CEO and also organized conference calls to discuss a
"confidential" acquisition in China, the ET report said, citing a complaint
made with the police.
The hackers then convinced the India chief to transfer the money for the
acquisition in three tranches from India to banks in Hong Kong, saying the
amount could not be moved from Italy due to regulatory issues, the report said.
During the conference calls, various people in the hacking group pretended to
be the CEO, senior executives of Tecnimont and a top lawyer based in
Switzerland, ET said.
[...]
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