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Home » Rs 1.64 crore fraud: Lulu Group loses Rs 1.64 crore in email fraud: How impersonators used Italian company’s identity to cheat retail giant
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Rs 1.64 crore fraud: Lulu Group loses Rs 1.64 crore in email fraud: How impersonators used Italian company’s identity to cheat retail giant

Business Circle TeamBy Business Circle TeamOctober 25, 2026Updated:October 25, 2026No Comments2 Mins Read
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Kochi Metropolis Police have launched an investigation into an alleged cyber fraud through which unidentified people impersonated representatives of an Italian firm to cheat Lulu Group of round Rs 1.64 crore. The accused allegedly used e mail addresses resembling these of a long-standing enterprise associate to ship pretend invoices and financial institution particulars, main the retail group to switch cash into accounts offered by the fraudsters, officers mentioned on Saturday.

Lulu Group e mail fraud

In accordance with the FIR, the alleged fraud occurred between September 2 and 29 this yr. The accused allegedly created e mail addresses that carefully resembled these belonging to IE Park SRL, an Italian firm that has a longtime enterprise relationship with Lulu Group.

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Utilizing these addresses, the unidentified people allegedly posed as representatives of the Italian firm and contacted Lulu Group with invoices and checking account particulars. The communications sought fee of excellent dues for gaming gear bought by the group, the FIR said.

Believing the emails to be real, Lulu Group transferred 150,500 euros, equal to roughly Rs 1.64 crore, to the financial institution accounts talked about within the messages, in response to the grievance.

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Kochi Cyber Crime Police register FIR

The Kochi Metropolis Police registered a primary info report (FIR) on the Cyber Crime Police Station on Friday following a grievance by Deepak Sreedhar Nair, authorized supervisor at Lulu Group.

The case has been registered below varied provisions of the Bharatiya Nyaya Sanhita (BNS) and the Data Expertise Act.Police suspect that the accused used impersonation and solid digital communications to trigger monetary loss to Lulu Group whereas securing an illegal financial achieve. The people concerned haven’t but been recognized, and the investigation is continuous.

What’s Lulu Group?

Headed by M A Yusuff Ali, Lulu Group has a big worldwide presence, significantly within the Center East, alongside operations throughout a number of Indian states.

Its enterprise pursuits span hypermarkets, buying malls, imports and distribution, buying and selling, delivery and data know-how, amongst different sectors.



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Cheat companys crore Email Fraud giant Group Identity impersonators Italian loses LULU Retail
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