City
Epaper

Courier fraudsters now target Indian CEOs

By IANS | Updated: February 20, 2024 11:40 IST

New Delhi, Feb 20 Citing a news report in which a 66-year-old Bengaluru CEO lost about Rs 2.3 ...

Open in App

New Delhi, Feb 20 Citing a news report in which a 66-year-old Bengaluru CEO lost about Rs 2.3 crore in a courier fraud, Unacademy-owned Graphy co-founder and CEO Sumit Jain on Tuesday said that two weeks ago the courier fraudsters tried to scam him too.

Jain, who was elevated to the role of partner at Unacademy last year, took to social media platform X to share his experience and how he avoided being conned.

"Same thing happened to me two weeks back. I patched my lawyer onto the call and the call just got dropped. It was feeling odd and real at the same time. Can happen to anybody. Please be very very cautious," he wrote.

In courier fraud, criminals make phone calls pretending to be representatives of a global courier company that has seized a delivery containing illegal substances. They then trick victims into transferring large sums of money in order to allegedly clean their identities on drug trafficking and money laundering charges.

Recently, a manager in a Pune-based company lost nearly Rs 10 lakh in the same scam through the same process.

Last year, a senior citizen from Bengaluru became the victim of a courier scam and lost a staggering Rs 1.52 crore to fraudsters.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

Cricket"No doubt, 300-plus score will be reached this tournament": MI quick Trent Boult

EntertainmentBadshah to unveil his song 'Galiyon ke Ghalib' soon

Entertainment"I was kicked and spat on": Oscar winner co-director Hamdan Ballal recalls details of attack by Israeli settlers

National'Mann Ki Baat': PM Modi describes significance of April-May in India's freedom struggle

BusinessIndia's forex reserve rises for 7th week, gradually climbing towards all-time high

National Realted Stories

MaharashtraOver 10,000 Pakistani Nationals Traced in Maharashtra and Delhi Post-Palgham Terror Attack

NationalPunjab Police bust weapon-smuggling module with Pakistan links

National'Make in India for global scale': Vaishnaw as reports suggest Apple may expand production in India

NationalPM Modi lauds Dantewada science centre, says progress can bloom even in toughest condition

NationalIndia's growth story is safe, secure and stable: Piyush Goyal