Interpol stops fraudulent payments in medical supplies case amid coronavirus (COVID-19)

Interpol stops fraudulent payments in medical supplies case amid coronavirus (COVID-19)

Interpol has announced that three members of an international criminal network wanted for deceiving an Italian company into making fraudulent payments for non-existent medical equipment, were arrested in Indonesia. Interpol reported that an Italian organisation which was in discussions to buy a large amount of medical supplies from a Chinese company, including ventilators and coronavirus (COVID-19) observing hardware, fell victim to a business email compromise (BEC) fraud. The suspects hacked the email correspondence between the two organisations and persuaded the Italian purchasers to make three bank payments totalling up to EUR 3.67m to an account they controlled in Indonesia. The fraud was quickly discovered, and Interpol’s Financial Crimes unit was requested to help with the matter. Interpol facilitated communication between the Italian and Indonesian authorities through the 'Interpol National Central Bureaus (NCBs) in Rome and Jakarta, which resulted in the interception and freezing of EUR 3.1m of the fraudulent payments in early June.'

Source: Payments stopped, three arrested in medical supplies fraud case

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