Retail giant Lulu Group loses ₹1.64 crore in impersonation scam

Lulu Group has lost ₹1.64 crore in an email impersonation fraud carried out by cybercriminals. The accused reportedly used email addresses resembling those of an Italian company with an established business relationship with the retailer, sending fake invoices and bank details. Lulu Group transferred money into accounts provided by the fraudsters. Kochi City Police has launched an investigation.