A Cypriot shipping company has been defrauded to the tune of 565,000 Euros.
Although details are scant at present, media reports suggest that the Limassol-based firm received an email requesting payment for fuel from one of its suppliers in Africa. However, the payment was made to, “a different account following an email the company had received, supposedly sent from the fuel company. The company made two transfers to the new account and the money has since vanished,” a report in the Cyprus Mail stated.
The transfers were made on July 28th and 29th and the fraud was spotted when the actual fuel supplier sent an email requesting payment. According to the article, the money is now believed to be in Poland and the Cypriot Police has requested the assistance of Interpol to help locate the team behind the fraud.
The investigation continues.