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A shocking case of corporate fraud has emerged where scammers, pretending to be the company’s boss, tricked an accountant into transferring ₹2 crore. The fraudsters used social engineering tactics to manipulate the employee, leading to a massive financial loss.
However, in a dramatic turn of events, the company owner used a clever strategy to track the funds and successfully recover the stolen money.
How the Scam Happened
✔ The accountant received a WhatsApp message from an unknown number, claiming to be the company’s boss.
✔ The message urgently instructed the employee to transfer ₹2 crore to a specific account for an important deal.
✔ Believing it was a genuine request, the accountant immediately completed the transaction without verifying.
✔ Soon after, the real boss discovered the fraud, and the company realized they had been scammed.
How the Company Recovered the Money
✔ The owner acted swiftly and immediately contacted the bank’s fraud department.
✔ A formal complaint was lodged with the cybercrime police, who began tracking the transaction.
✔ Authorities froze the recipient’s bank account before the scammers could withdraw the funds.
✔ With quick action and legal intervention, the company successfully reversed the transaction and recovered the money.
Lessons to Learn from This Scam
✔ Always verify urgent financial requests, even if they appear to come from a senior executive.
✔ Never transfer large sums based on messages or emails alone—always confirm through direct communication.
✔ Educate employees about cyber fraud and implement strict security measures for financial transactions.
✔ Use multi-level approval systems for high-value transfers to prevent such scams.
