News Karnataka
Monday, February 26 2024

Mumbai Businessman Loses Rs 3.3 Crore in Ukrainian Business Scam

A 75-year-old businessman from Mumbai became ensnared in the deceitful web weaved by a Ukrainian woman posing as a possible business partner in a complex case of cyber scam.
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Mumbai: Complex Cyber Fraud Involving Promised Cash Delivery Leaves Victim in Dire Straits. In a sophisticated case of cyber fraud, a 75-year-old Mumbai businessman found himself entangled in the deceptive web woven by a Ukrainian woman posing as a potential business partner. The fraudulent plot unfolded with enticing promises of a substantial cash delivery, followed by a fabricated seizure by authorities and a series of payments to Indian accounts, resulting in an astronomical loss of Rs 3.3 crore.

The Conning Chronicles

The victim, proprietor of a private company, initially received emails from a woman identifying herself as Esema, claiming Ukrainian origins. Esema expressed keen interest in establishing a business in India, citing the adversities faced due to the war in Ukraine. What started as a proposal to purchase machinery equipment swiftly morphed into the allure of a business partnership.

Within the confines of this partnership, Esema assured the victim of dispatching a box containing $9.7 lakh in cash, equivalent to Rs 8 crore. The victim received a tracking ID for the courier box and even an ID via email, adding an air of legitimacy to the proceedings. However, the situation took a distressing turn when the victim received a call notifying him of the box’s purported seizure by Indonesian authorities in Jakarta.

The subsequent recovery process orchestrated by the scammers involved multiple payments, each dictated by the fraudulent Ukrainian woman. The victim, under coercion, adhered to the demands, resulting in a monumental loss of Rs 3.3 crore over an eight-month period.

The Fraudulent Facade

To add an air of authenticity to their ruse, the scammers introduced impersonated authorities who issued instructions for various payments. The victim, fearing legal repercussions, complied with the demands, succumbing to the intricate plot designed to strip him of his wealth.

Law Enforcement Leap

Upon realizing the depth of the deception, the victim promptly reported the fraud to the Hebbal Police Station in Bengaluru, setting the stage for an investigation into the intricacies of the cyber scam. The police are now actively probing the matter, suspecting the involvement of gangs engaged in the notorious Black Dollar Scam, evident from the lacing of the currency notes with chemicals.

Precautionary Paradigm for Email Scams

This unfortunate case serves as a poignant reminder of the vulnerabilities individuals face in the realm of cyber fraud. It underscores the critical need for a proactive approach to cybersecurity. Vigilance in responding to unsolicited emails, meticulous verification of links, abstaining from opening unknown attachments, refraining from sending money or divulging personal information, and promptly reporting suspicious emails to relevant authorities emerge as imperative steps in fortifying one’s defenses against such scams.

The overarching message resonates – exercise caution, foster skepticism, and adopt stringent security measures, especially when navigating the intricate landscape of online interactions. In a digital era rife with deceptive ploys, safeguarding one’s financial interests necessitates a proactive and discerning approach.

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