Email scammers cheat Germany-based tech company’s Hong Kong branch out of HK$11.36mil

Swindler impersonating a boss from company’s headquarters claimed funds were needed for acquisition purposes in emails sent in March. Director of Hong Kong firm transferred HK$11.36mil into two local bank accounts in seven transactions. — SCMP

Fraudsters have tricked a German technology firm’s Hong Kong branch into transferring more than HK$11mil (US$1.4mil or RM6.10mil) into two bank accounts in one of the city’s biggest email scams this year.

The case came to light last month when the director of the Hong Kong branch made a report to police.