ADVISORY - 1
Embassy of India in Warsaw has
received numerous complaints about alleged unfair business practices by SBS
Fashion, registered in Poland, acting as importer of textiles and leather
products. The company is accused of strong unwillingness for making payments
for delivered goods.
2. SBS Fashion has not responded to
the Embassy’s request for clarification.
3. Indian companies are therefore
requested to exercise maximal level of precaution while establishing any links
with SBS Fashion.
ADVISORY - 2
Beware of Amended Payment
Instructions:
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.
