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Gujarat Firm Loses Rs 12 Lakh in "Boss Scam"; Cyber Cell Recovers Rs 2.88 Crore
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News18•22-09-2026, 17:30
Gujarat Firm Loses Rs 12 Lakh in "Boss Scam"; Cyber Cell Recovers Rs 2.88 Crore
- •A Gujarat company fell victim to a "boss scam" after an employee was tricked into transferring Rs 3 crore by a cyber fraudster impersonating a high-ranking executive.
- •The fraudster used an impersonated WhatsApp account to gain the employee's trust and instruct an urgent financial transaction on August 18.
- •Swift action by the Cyber Cell led to Rs 2,94,00,165 being put on hold, with Rs 2,88,00,165 subsequently returned to the complainant via court order.
- •A "boss scam" is a targeted cybercrime where fraudsters pose as company executives to manipulate employees into transferring funds or sharing sensitive data.
- •Investigation is ongoing to recover the remaining amount and trace the accused and the money trail involved in the cyber fraud.
Key Questions Answered
The fraudster contacted the employee through an impersonated WhatsApp account posing as his boss on August 18, gaining his trust and instructing him to make an urgent financial transaction of Rs 3 crore.
Out of the Rs 3 crore lost, the cyber cell placed Rs 2,94,00,165 on hold in time, and an amount of Rs 2,88,00,165 was subsequently returned to the complainant through a court order.
A boss scam is a targeted cybercrime where fraudsters pose as high-ranking company executives to trick employees, especially those in finance and accounts teams, into transferring corporate funds or sharing sensitive data.
