Cyber fraud caused Rs 80 lakh unauthorized bank transfer
LATTEYS · price
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On 26 October 2026, Latteys Industries found that an unauthorized person impersonating its Managing Director caused an Rs 80 lakh transfer from a company bank account to an unauthorized beneficiary. No money has been recovered, and the financial impact is still being assessed. The company notified Cyber Crime police and its bank, requested a fund recall, preserved records and began an internal review. Operations were not materially disrupted.
Rs 80 lakh is unrecovered pending investigation and recovery, raising reputational and control risks despite no material operational disruption.