Riverstone Holdings Limited and other rubber glove company targeted by internet fraud syndicate

Internet fraud syndicate like phishing usually target individual. However, it seem corporate world being targeted by such syndicate also. The recent target is rubber gloves manufacturing company in South East Asia.

Fraud 1

 On 5 May 2013, shipping assistant of Riverstone Holdings Limited's subsidiary Sinetimed Consumables Sdn Bhd issue a quotation to customer in Thailand to request payment.

On 13 May 2013, Fraudsters used same name as above shipping assistant and a similar email address send an email to above customer. stating that Monetary Authority of Singapore (MAS) is in the process of auditing company bank account. Thus, unable to process any fund transfer. The email requested customer to remit money to new bank account.

Email address of staff of company is shipping@sinetimed.com. email address of fraudsters is shipping@simetimed.com . Only one alphabete different. The email requested payment to Alliance Bank under a bank account of AL Solution. Transaction amount amounted to USD91,400. However,customr in Thailand have remitted money to original bank account. Thus, unable to remitted to new bank account again.

Fraudsters  reply the email by alleged the other party making a mistake. And requeted customer to remitted money again to new bank account with hostle and unpolite tone to avoid delay in delivery.

customer feel very angry, express intention to cancell all order and send an email to another manager to complaint such unpleasant incident. This make the case expose as fraud.

Company search on CCM discover that AL Solution sre a company base in Penang and company registration have expires on 9 March 2012. The company registered under two Chinese partner name.

Fraud 2

Head of customer services of Riverstone Holdings Limited's subsidiary Riverstone Resources Sdn Bhd has issued a Delivery Order to customer in US on 16 October 2013.

A fake email send under name of head of customer services has been received by customer in US on 15 October 2013 (US time) to inform change of bank account. attached with letter with company letterhead, stamp and signature. Requested customer to pay to CIMB Bank to bank account of MTD Mega Global Resources.

As customer already received announcement of company warning of possible fraud in May 2013. Customer in US become alert when received such fake email.

The customer discover that email address received  different from normal email address of the staff and suspected fraud. the customer in US counter check and confirmed the fraud.

Email address of staff is hkong@riverstone.com.my whereas email address used by fraudster is hkong@riverstone.me.uk.

According to website of CCM, MTD Mega Global Resources is a company base in Kajang, Malaysia

Other Rubber Glove company

According to President of Malaysian Rubber Glove Manufacturers Association (MARGMA) Mr Lim Kwee Shyan. Another member company of the association also being targeted and customer of the member company has been con amounted to several million in USD, the money has been remitted to bank in Indonesia. The member company did not make any loss as it is ngligent of it customer. a circular has been issued to all member of the Association in April 2013 to warn them of possible fraud.

However, after a police report has been made. Police informed them that they unable to investigate as the company never incurr any loss. President of MARGMA feel that despite no loss incurred. It is a matter of reputation of Malaysia and it central Bank. Bank Negara should try to investigate and get information from it Indonesian counterpart. Mr Lim also disappointed that the authority also unable to investigate in Riverstone case, even it involve local bank. How can a bank let a person with fake document to open a bank account? He feel poloce should investigation even it is no loss involve.

套取户头资料 动辄诈骗百万 “网络大鳄”入侵企业界

http://www.nanyang.com/node/576042?tid=460

（八打灵再也2日讯）网络诈骗手法层出不穷，如今更进一步，犯罪者的目标不再是个人，而是公司，涉及款项少则动辄数以万元计，高者甚至超过百万。

网络老千最惯用的手法是“网络钓鱼”（Phishing），一般上是盗用银行、国行或警方名义，以种种借口要求顾客更新资料，一旦受害者不疑有他，拱手交出银行资料，往往直到户头被掏光才恍然大悟。

然而，最近企业界却传出犯罪集团入侵的消息；有关集团骇入公司电邮账号，假冒公司职员，并附上拥有公司信笺及印章的伪造公函，通知公司客户，指称公司已更换新的银行户头，要求顾客付款到新户头。

 

林魁贤：2手套公司被骗 银行应揪“大鳄”户头持有人

http://www.nanyang.com/node/576050?tid=460

 

林魁贤针对网络骗案大吐苦水。

 

 

（八打灵再也2日讯）马来西亚橡胶手套制造商协会（MARGMA）会长林魁贤呼吁国家银行严厉管制本地银行，以便发生网络诈骗案后，合力追查诈骗者的银行户头持有人。

他说，除了立合斯顿控股有限公司子公司的案件外，今年2月至3月期间，协会某会员的公司也遭遇骗案，而且公司顾客被骗走数万美元。

“这宗案件犯案手法与立合斯顿遭遇的骗案相似，诈骗者要求顾客汇款至印尼银行户头，顾客不疑有诈，结果被骗走数万美元。”

他指出，上述公司向警方报案后，却被告知警方没办法彻查。他说，由于有关客户的个人疏忽，因此独立承担该笔损失。

“虽然那间手套公司没有蒙受任何金钱损失，但是国行及大马的名誉已受影响。

“此案件涉及印尼银行户头，国家银行可以向印尼相关单位索取资料。”