Cybercrime police are searching for an unidentified person who allegedly hacked into official email communications between Group Pharmaceuticals Ltd. and Dr. Reddy’s Laboratories, Hyderabad, and diverted a payment of ₹2.16 crore to a fraudulent bank account.
According to the complaint of Mahesh Babu K. on behalf of Group Pharmaceuticals Ltd. the company was to receive ₹2.16 crore from Dr. Laboratories. Reddy’s Laboratories for goods supplied in the course of their business transactions.
However, on November 3, hackers allegedly gained unauthorized access to the company’s email system and sent a spoofed message from a fake ID posing as an official representative of the company.
The fraudulent email allegedly ordered the finance team of Dr. Reddy’s Laboratories to transfer the payment to the bank account. Dr. Reddy’s Laboratories transferred ₹ 2.16 crore to the said account on November 4 as directed.
The complainant said the fraudsters manipulated the email domain to trick the recipient.
The company called on the authorities to immediately freeze the fraudulent account and initiate steps to recover and return the embezzled amount to their legitimate account and take legal action.
Published – 8 Nov 2025 19:49 IST
