Home / Crime and Justice / Bengaluru Police Foil $2.2 Million Cyber Heist, Recover Stolen Funds
Bengaluru Police Foil $2.2 Million Cyber Heist, Recover Stolen Funds
10 Nov
Summary
- Hackers diverted $2.2 million payment from Hyderabad pharma firm
- Victim's swift action on cybercrime helpline helped police trace funds
- Money frozen in Madhya Pradesh bank account
On November 10, 2025, Bengaluru police successfully thwarted a massive digital fraud that saw cybercriminals siphon off a whopping $2.2 million from a Hyderabad-based pharmaceutical company. The incident unfolded when hackers allegedly gained unauthorized access to email communications between the pharmaceutical firm, Group Pharmaceuticals, and its business partner, Dr Reddy's Laboratories.
The criminals then impersonated Group Pharmaceuticals officials and sent fraudulent emails to Dr Reddy's finance team, providing fake bank account details. Consequently, Dr Reddy's transferred the $2.2 million payment to the fraudulent account on November 4, 2025. However, the victim, Mahesh Babu K from Rajajinagar, Bengaluru, promptly reported the incident to the national cybercrime helpline (1930).
Sleuths from Bengaluru's Central Crime Branch have now traced the stolen funds to a bank account in Madhya Pradesh, which has been immediately frozen. Authorities are set to travel to the state in search of the cybercriminals responsible for the sophisticated scam. Dr Reddy's Laboratories has confirmed that the incident involved email impersonation and that the funds have been recovered, with no financial loss to the company or its vendor.
