India, July 18 -- A jewellery company in Navi Mumbai was allegedly duped of Rs.10.70 crore after fraudsters created a WhatsApp profile using the owner's name and photograph and convinced an accounts executive of the firm to transfer the money to multiple bank accounts over two days.

According to police, the accounts executive at the firm's Mahape office received a WhatsApp message on July 14 from a number that appeared to belong to the owner. After asking him to share the balance in the company's current account, the sender instructed him to transfer funds to three bank accounts.

Since the owner routinely communicated payment instructions over calls and WhatsApp, the executive believed the messages were genuine and transferred Rs.7.70 c...