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ADVISORY : Advisory for Indian business community Beware of Amended Payment Instructions

Posted on: January 01, 2017 | Back | Print

The Embassy of India has learnt that several  Indian companies and their trade partners have been victims of cyber crimes resulting in fraudulent transfer of their funds to fake bank accounts in Poland.  The  hackers are interceding in e-mail  correspondence between trade partners, inserting fake emails to Indian companies, asking them to transfer funds to  some accounts in Polish banks, citing  problems in current bank accounts.

All  Indian businessmen  and potential investors are, therefore, advised to exercise caution and  make inquiries before making any payments to their  trade partners and also to  the exporters/importers that  they are dealing with.

Even in the case of  e-mail requests from the partner companies for making  advance payments for goods sold, companies are advised to ensure by phone  and other channels that the email received is from the genuine  partner company.

The Embassy has strongly taken up these cyber crime cases with the  relevant Polish authorities and would advise Indian companies to be particularly  cautious of any  email amending earlier payment instructions and requesting transfer of funds to Polish bank accounts.

These suggestions should be taken into account before complying with any sudden requests for remittance of funds to bank accounts in Poland.

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