Sri Lanka Nab Nigerian Boss Of Corporate ID Theft Syndicate

by Ike Obudulu Last updated on March 24th, 2017,

Sri Lanka Nab Nigerian Boss Of Corporate ID Theft Syndicate.  Sri Lanka has busted an online Nigerian 419 (Nigerian Prince) scam involving corporate identity theft where international trading companies have been duped to send large volume of money to bank accounts of look-alike fake firm set up in the island. SAnti-money laundering sleuths at the central bank and Sri Lanka’s police have arrested a Nigerian national and his Sri Lankan accomplices over the racket.

The group have been involved in at least five scams where emails of import companies were hacked and instructions were sent to remit 400,000 dollars to fake companies set up Sri Lanka in the names of foreign companies existing elsewhere, police said.

In one case a Chinese rubber goods exporter called Nebo Global (HK) Ltd, was instructed to remit 132,020 dollars to a firm named Ruag Ammotec A.G. Ltd, set up in Sri Lanka.

The suspects are alleged to have hacked into the email account the export company and instructed a buyer based in Thailand to remit the money to Sri Lanka.

Police said they have arrested a Nigerian national who was resident in Kesbewa area in Sri Lanka and his Sri Lankan accomplice resident in the Panadura area, after questioning a female who had been named as a director of the firm and had withdrawn money from the bank. The suspects have set up several firms in Sri Lanka in the names of foreign companies and opened bank accounts, police said.

Nigerians are among the most educated, hardworking and successful foreigners wherever they live across the globe. Unfortunately, it is the actions of a few that create all the bad press for Nigeria wherein any mention of Nigeria brings up images of Medicare fraud, Nigerian prince, advance fee fraud, credit card fraud, 419, Yahoo Yahoo, .
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Ike Obudulu

Ike Obudulu

Versatile Certified Fraud Examiner, Chartered Accountant, Certified Internal Auditor with an MBA in Finance And Investments who has both worked for and consulted with some of the world's largest companies on main street and wall street in over 20 countries, Ike brings his extensive reporting and investigations experience to bear on his role as Chief Editor.
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