Mumbai INOX accounts deputy lost over ₹10.4cr to WhatsApp scam
Business
A deputy general manager in the company's accounts branch at INOX Group in Mumbai lost over ₹10.4 crore (₹10,40,71,924) after a scammer pretended to be his boss on WhatsApp and asked for urgent money transfers.
The messages, sent between June 3 and 15, claimed the real boss was busy in meetings and couldn't take calls.
Manager made 63 payments, 4 arrested
Trusting the texts, the manager made 63 payments before realizing something was off when he double-checked with his actual boss. He filed a police report.
Delhi Police quickly arrested four suspects, two of whom admitted to sharing bank accounts for a commission, and are now tracking down the stolen money and the mastermind behind the scam.