In September 2022, Serum Institute of India SII was defrauded of more than 1 crore when fraudsters sent company messages requesting money transfers in the name of their chief executive officer Adar Poonawalla.
Pune Police said today that they have arrested seven suspects in the case in which Serum Institute of India SII has been defrauded of over 1.01 crore, news agency ANI reported.
In September 2022, Satish Deshpande, a director at the Serum Institute of India, received a message on WhatsApp from a person impersonating SII CEO Adar Poonawalla asking money to be sent to seven different accounts.
The finance manager of the company said that the sender demanded that Deshpande immediately transfer money to specific bank accounts. Deshpande transferred 1,01, 01,554 online into those accounts under the impression that the message came from Poonawalla, only to discover later that the company had been conned.
In response to a complaint filed in this regard, the police conducted an investigation and identified the eight accounts to which the funds were transferred.
Deputy Commissioner of Police DCP Smartana Patil Zone II said, It was revealed that money was transferred into the accounts of these seven people who have been arrested from different parts of the country. The main accused is still absconding. She said that they had seized all of these accounts as well as 40 others from which the funds had been transferred.
She said that we have also frozen 13 lakh in these accounts.
Three suspects were arrested by the Pune City Police on Friday, according to the Cyber Unit. The Cyber Unit of Pune City police arrested 3 people involved in the case relating to the cheating Serum Institute of India posing as CEO Adar Poonawalla. A total of 7 people have been arrested so far. The main accused remains absconding, the police said.
The Serum Institute of India is a biotechnology and biopharmaceutical company based in Pune, India. The company produces the Covishield vaccine, which is used to protect against coronaviruses.