Archive · 11 Nov 2025
Dr Reddy's Denies Loss After Cyber Fraudsters Diverted Rs 2.16 Crore
Imagine two companies, Dr Reddy's and Group Pharmaceuticals, were supposed to send money for goods.
Bad guys hacked into their emails and tricked Dr Reddy's into sending the money to the wrong bank account.
This money was meant for Group Pharmaceuticals.
However, Dr Reddy's quickly noticed what happened and worked with their banks to stop the money from being taken by the bad guys.
So, even though the money was sent to the wrong place for a short time, Dr Reddy's said they did not lose any money because they got it back.
Bengaluru police are investigating a cyber fraud case involving a Rs 2.16 crore payment diversion.
Hackers allegedly compromised email communications between Group Pharmaceuticals and Dr Reddy’s Laboratories.
Dr Reddy's reportedly transferred the payment to a fraudulent account after receiving fake bank details.
Dr Reddy's Laboratories stated that no financial loss occurred as the funds were frozen due to swift action.
The fraudulent account was traced to Vadodara, Gujarat, and has been frozen as the investigation continues.
- Who
- Unknown cyber fraudsters, Group Pharmaceuticals, Dr Reddy’s Laboratories
- What
- Cyber fraud where hackers diverted a payment of Rs 2.16 crore by impersonating Group Pharmaceuticals officials via hacked email communication.
- When
- Fraudulent emails sent on November 3, payment transferred on November 4, FIR registered on November 5.
- Where
- Bengaluru (police investigation), Vadodara, Gujarat (fraudulent account location)
- Why
- To illegally obtain payment for goods supplied by Group Pharmaceuticals to Dr Reddy's Laboratories.
Initial Report
Dr Reddy's Clarification
Financial Impact
Initial Report
Hackers allegedly infiltrated email communication, diverting a payment of Rs 2.16 crore to a fraudulent account, resulting in a financial loss.
Dr Reddy's Clarification
The company stated that with timely detection and swift action by their teams and banking partners, the funds have been frozen and there was no financial loss.
- Amount Diverted
- Rs 2.16 crore
- Fraudulent Account Location
- Vadodara, Gujarat
- Fraudulent Transfer Date
- November 4
- FIR Registered Date
- November 5
- Reported By
- Mahesh Babu K, Senior Executive, Group Pharmaceuticals