Bigger India

How Chinese Hackers Pulled Off The Italian Con Job, A Rs 130-crore Heist

The company has sacked the India chief and the head of accounts and finance, as per the police complaint filed with the Mumbai cyber police.

A gang of Chinese fraudsters stole $18.6 million (Rs 130 crore) from the Indian arm of Italian company Tecnimont SpA by convincing local managers that the money was needed for an acquisition, in what could be one of the biggest cyber heists in the country.


Read it at Economic Times

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