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Sri Lanka busts international cyber scam involving corporate identity theft

Mar 12, 2017 06:51 AM GMT+0530 | 0 Comment(s)

  

ECONOMYNEXT - Sri Lanka has busted an online Nigerian scam involving corporate identity theft where international trading companies have been duped into sending large volumes of money to bank accounts of a look-alike fake firm set up in the island.

Anti-money laundering sleuths at the Central Bank and Sri Lanka's police have arrested a Nigerian national and his Sri Lankan accomplices over the racket.

The group have been involved in at least five scams where emails of import companies were hacked and instructions were sent to remit $400,000 to fake companies set up in Sri Lanka in the names of foreign companies existing elsewhere, police said.

In one case, a Chinese rubber goods exporter called Nebo Global (HK) Ltd was instructed to remit $132,020 to a firm named Ruag Ammotec A.G. Ltd, set up in Sri Lanka.

The suspects are alleged to have hacked into the email account the export company and instructed a buyer based in Thailand to remit the money to Sri Lanka.

Police said they have arrested a Nigerian national who was a resident in the Kesbewa area in Sri Lanka and his Sri Lankan accomplice resident in the Panadura area, after questioning a female who had been named as a director of the firm and had withdrawn money from the bank.

The suspects have set up several firms in Sri Lanka in the names of foreign companies and opened bank accounts, police said. (Colombo/Mar12/2017)
 


 

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