MUMBAI—A group of Chinese hackers robbed 1.3 billion rupees ($18.45 million) from the Indian unit of Tecnimont SpA through an elaborate cyber fraud that included impersonating the Italian engineering firm’s chief executive, reported the Economic Times (ET), an English-language Indian daily newspaper.
The scammers sent emails to the India head of Tecnimont, part of the publicly traded Maire Tecnimont, from an account that looked similar to one used by the Italian group’s CEO and also organized conference calls to discuss a “confidential” acquisition in China, the ET report said, citing a complaint made with the police.
