Karkala: Fraudster hacks company email, dupes Rs 34 lac


R B Jagadish

Daijiworld Media Network–Karkala (EP)

Karkala, Jul 24: A businessman from Karkala was duped of several lacs of rupees after his company email was hacked.

Dinesh Nayak, partner in Madhav Prakash Cashew Company at Kariyakallu here is the victim of fraud.

Nayak had entered into an agreement with Damodar Timber Depot situated at Margo Davorlin on July 11 to import 33.55 metric tonnes of raw cashews at the rate of $1680 per tonne amounting to Rs 37, 90,479 for his processing unit. He had paid Rs 4 lacs in advance.

As per instructions from the importers to release the raw cashews on arrival, Dinesh Nayak remitted the remaining Rs 33, 90,479 through Syndicate Bank, Ananthashayana temple road, Karkala to Damodar Timber Company’s bank account in Corporation Bank, Goa.

A person named A L Sharma hacked the mail sent by importers to Dinesh Nayak’s company and encashed the money in the fake bank account held by him at Bank of India, Maharashtra state in the name of Babitha enterprises and cheated Dinesh Nayak.

A case of cheating has been registered in town police station.

  

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Comment on this article

  • Roshan,Bejai, mangalore

    Tue, Jul 26 2016

    receiving bank and crediting bank both are PSU banks. The person who removed the money already must have left India. It is very difficult to fight with PSU banks. Unless the victim appoint good lawyer and take assistance from crime branch there will be some hope of recovering the lost money. This is an eye opener to other business people to take extra precautions in money transfer matters.

    DisAgree Agree [1] Reply Report Abuse

  • Maria/Daisy, Mangalore/Canada

    Mon, Jul 25 2016

    This is not new to banks. Fraud cases happen. I work at College. Sometimes students gets cashed by some other fraudsters.
    Here the bank is at fault unless the victim transferred to the fake account. Normally the importers have bank accounts on file. The account numbers doesn't change. Account numbers are not given over the phone or via emails. while entering contracts the forms are attached along with. I am pretty sure the victim must have transferred to the right account. If the bank has released to the 3rd party's account 100% bank is at fault and all the expenses and charges along with lawyers fees are borne by the bank who did not authenticate the transaction. Usually banks have hold on the large amount and they call both the parties before releasing funds and verify the signatures. very weird situation.

    DisAgree Agree [3] Reply Report Abuse

  • Jossey Saldanha, Nashville

    Sun, Jul 24 2016

    Nowadays everything is FAKE ...

    DisAgree [5] Agree [3] Reply Report Abuse

  • JJ,

    Mon, Jul 25 2016

    No doubt, its a kaliyug and Fekus will rule.

    DisAgree [4] Agree [1] Reply Report Abuse

  • J.F.D Souza, Attavar, Mangalore

    Sun, Jul 24 2016

    It is not a small amount. Police Dept. should curb all these activities and give severe punishment for such fraud cases.

    DisAgree [1] Agree [5] Reply Report Abuse

  • Charles, Karkala

    Sun, Jul 24 2016

    How this can happen. Money transferred by Syndicate Bank most likely via RTG mode which routes through RBI to Corporation Bank in Goa. It was immediately encashed at Bank of India in Maharastra. How this can be possible.????

    DisAgree [1] Agree [14] Reply Report Abuse

  • mohan, mangalore

    Sun, Jul 24 2016

    Same thing in my case also. and bank officials are speaking very rudely. So I closed A/C of syndicate bank and transfered all to SBI bank.

    DisAgree [2] Agree [11] Reply Report Abuse

  • Monty Doctor, Mangalore

    Sun, Jul 24 2016

    In spite of RBI circular not to transfer money on email requests, why are bank managers still doing it? The lost money should be deducted from the salary of the concerned bank managers.Once at Corporation Bank, Kankanady Branch, when I asked the branch manager why it is still done and it should be stopped, as banks have to follow RBI guidelines, he refused.I then transferred all my deposits to SBI which follows the RBI guidelines

    DisAgree [3] Agree [8] Reply Report Abuse

  • sri, Karkala

    Sun, Jul 24 2016

    Here case looks different. Please read again... Here it looks like email received by cashew factory is fake one.

    DisAgree [1] Agree [7] Reply Report Abuse

  • Rudolf, Man

    Sun, Jul 24 2016

    How can money transferred to a particular A/c no. In the name of a particular identity be siphoned off, this claim looks to be cooked up!

    DisAgree [6] Agree [8] Reply Report Abuse

  • sri, Karkala

    Sun, Jul 24 2016

    @Rudolf- emails are stored in servers. Suppose if you receive email today. Hackers too can see those emails and they can edit and save it back. Tomorrow if you read that email that may not be original and content has changed!
    In this case frudster just changed bank account details provided in the email to his own to receive funds.

    DisAgree [3] Agree [6] Reply Report Abuse

  • Rudolf, Man

    Sun, Jul 24 2016

    Fine, but the name of recipient too should match na?

    How can somebody open an account so fast in another place in exactly the same name as the original entity?

    DisAgree [2] Agree [4] Reply Report Abuse

  • sri, Karkala

    Sun, Jul 24 2016

    @Rodolf- for RTGS and NEFT transfer
    It is only IFSC code and bank account number matters.

    If it is changed and if you give that to bank then who is responsible?

    DisAgree [1] Agree [3] Report Abuse

  • Rudolf Rodrigues, Mangalore/Mumbai

    Sun, Jul 24 2016

    Sri bro, for NEFT/RTGS too BENEFICIARY NAME IS COMPULSORY, PLEASE CHECK RBI SITE!!

    DisAgree [1] Agree [1] Reply Report Abuse

  • Rudolf Rodrigues, Mangalore/Mumbai

    Sun, Jul 24 2016

    Sri bro, for NEFT/RTGS too BENEFICIARY NAME IS COMPULSORY, PLEASE CHECK RBI SITE!!

    DisAgree [1] Agree Reply Report Abuse

  • sri, Karkala

    Sun, Jul 24 2016

    Well got it...
    I think here cashew factory owner did not bother to verify and as mentioned in the email he written babita enterprises.

    So everything gone through...
    He just trusted his email..

    DisAgree [1] Agree [4] Report Abuse

  • Ronald D, Udupi

    Sun, Jul 24 2016

    If police and banks are willing...cheater can be nabbed! In most cases...both are not interested!!

    DisAgree [2] Agree [19] Reply Report Abuse

  • sri, Karkala

    Sun, Jul 24 2016

    Solution to this problem:
    Before remitting money pick your mobile phone and dial your beneficiary's company and verify bank details again.
    Cost for verification rupees 5/-
    Time for verification 5 minutes.
    Ask for reading out bank details.

    DisAgree [3] Agree [36] Reply Report Abuse

  • Praveen, Mangalore

    Sun, Jul 24 2016

    looks like cooked story. how any one can remove the transferred amount from one account to another specific account number by hacking the email.

    DisAgree [7] Agree [13] Reply Report Abuse

  • sri, Karkala

    Sun, Jul 24 2016

    It is email intercepted by fraud person and email received by Dinesh is fraud one.it looks like that. This is possible...

    DisAgree Agree [7] Reply Report Abuse

  • Hanif, SHARJAH

    Sun, Jul 24 2016

    GUESS YOU AREN'T USING EMAIL BANKING, THOSE WHO USE EMAIL BANKING TO TRANSFER THE FUNDS SHOULD BE VERY CAREFUL, REGULARLY KEEP CHANGING THEIR PASSWORDS, AND MAINLY USE EXTRA SECURITY METHOD OF DEVICE RECOGNITION, IF ANY NEW DEVICE TRYING TO OPEN YOUR EMAIL IT WILL NEED AN AUTHORIZATION CODE WHICH WILL BE SENT TO YOUR REGISTERED MOBILE NUMBER,LAST YEAR MY FRIEND WAS GOING TO BE A VICTIM, MISSED JUST BY A RANDOM BANK MANAGER FOR SOME OTHER TOPIC, SUDDENLY HE SPOKE ABOUT THE TRANSFER HE IS DOING FOR UK, IT WAS THEN THEY REALIZE ITS A SCAM, MANAGER WAS SO CONVINCED AS FRUSTRATER HAS SENT PASSPORT COPY AND ALL RELEVANT DOCUMENTS WITH MY FRIEND'S SIGNATURES IN IT.. AFTER THIS INCIDENT HE CHANGED HIS PASSWORD AND ADDED EXTRA SECURITY MEASURES....

    DisAgree [6] Agree [7] Reply Report Abuse

  • HENRY MISQUITH, MANAMA

    Sun, Jul 24 2016

    How come a company so careless until it is duped in lakhs?Find out and fire some of your staff who is responsible for this episode.

    DisAgree [3] Agree [15] Reply Report Abuse

  • Peter Lewis, Kalmady/k s a

    Sun, Jul 24 2016

    North Indian, that is what they learned.

    DisAgree [8] Agree [19] Reply Report Abuse

  • Alwyn Crasta, Mangalore/Bangalore

    Sun, Jul 24 2016

    Fekus are trying to take the maximum benefit out of 'Digital India'.

    Cyber Crime Police should be trained to nip the problem in the bud and send the fraudsters behind bars.

    DisAgree [7] Agree [19] Reply Report Abuse


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Title: Karkala: Fraudster hacks company email, dupes Rs 34 lac



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