Gujarat man duped of Rs 3 crore in fake boss transfer scam

A Gujarat-based man lost Rs 3 crore after receiving what appeared to be an urgent transfer order from his boss. The fraudster impersonated the company's senior management and convinced the victim to move the funds, exploiting the appearance of authority and urgency.

The scam highlights the growing sophistication of cyber fraud targeting white-collar professionals. Fraudsters used deepfake or spoofing technology to gain credibility and bypass the victim's verification processes.

Authorities have registered a case and are investigating the matter. Experts have warned professionals to remain cautious of unexpected fund transfer requests and verify such orders through alternative official channels before processing payments.