HomeHyderabad NewsHyderabad: Cyber Fraudsters Loot Rs. 7.9 Crore from NBFC in an Hour

Hyderabad: Cyber Fraudsters Loot Rs. 7.9 Crore from NBFC in an Hour

Hyderabad, Nov 8 (Maxim News): Cyber fraudsters allegedly looted Rs. 7.9 crore from the corporate bank account of Hyderabad-based NBFC Keerthana Finserv Limited within an hour.

The criminals reportedly carried out 39 unauthorised transactions through the company’s account with IDFC First Bank.

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Company representatives identified the transactions between 11 am and 12 noon on November 6. They subsequently approached the Telangana Cyber Security Bureau (TGCSB) with a complaint.

Based on a complaint filed by Chaganti Varaprasad, 45, a representative of Keerthana Finserv Limited, TGCSB police registered a case.

Cybersecurity officials have launched an investigation into the fraud. They are examining the bank account transactions to trace the unauthorised transfers.

Keerthana Finserv Limited operates from the Financial District area of Nanakramguda. The incident has reportedly caused concern among the company’s management and staff.


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