A leading conglomerate firm was recently saved from cyber fraud, which could have caused it losses in crores of rupees, and also stopped its ongoing project for the Uttar Pradesh government, thanks to an alert employee from a financial company. The Shapoorji Pallonji Group filed a complaint with Colaba police on Sunday alleging that an unknown person created a fake email ID of the company, and stole some confidential documents.

The complaint further said that the person forwarded the documents to a financial company that recently sanctioned a loan of Rs 115 crore to the group’s subsidiary, Kanpur River Management Pvt. Ltd, which is building a sewage water treatment plant in Uttar Pradesh for the government. As per the complaint filed at the Colaba police station, to complete the project on time, the company had discussed a loan of Rs 115 crore from PTC Indian Financial Services, and it had been sanctioned, but the amount had not been credited.