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Man posing as CEO Adar Poonawalla duped Serum Institute of India (SII) of over Rs 1 crore

by Monitor News Desk
Sep. 12, 2022 Updated 11:41 am. IST
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An imposter of CEO Adar Poonawalla duped Serum Institute of India (SII) of more than Rs. 1 crore.

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According to Pune Police, the fraudsters sent messages to the company in the name of their Chief Executive Officer, asking for the transfer of money.

Senior inspector Pratap Mankar said that an FIR was registered for cheating and offenses under the IT Act against unidentified persons.

According to the complaint filed by the finance manager of the firm, Satish Deshpande- one of the directors of the SII, received WhatsApp messages from Adar Poonawalla (the person who posed as the CEO) asking to transfer money to certain bank accounts immediately.

Deshpande believed that it was Poonawalla who sent the text and transferred Rs. 1,01,01,554 to the given bank account. Further investigation on this matter is underway, said inspector Mankar.

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The FIR was registered under the IPC sections 419 (cheating by personation), 420 (cheating and dishonestly inducing delivery of property), 34 (common intention), and sections under the Information Technology Act, said Pune Police.

The officials further said that the accused who sent the WhatsApp messages and the one who holds the bank account into which the transfer was made, are yet to be identified and arrested.

Notably, SII is an Indian biotechnology and biopharmaceuticals company responsible for producing the Covishield vaccine used against coronavirus among other vaccines.


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