An Indian Airline has ‘erroneously’ transferred $300,000 meant for payment of spare parts supplied by a US-based firm to a Nigerian bank.
The incident reportedly took place in June 2017 with the airline failing to retrieve the money from the Nigerian Bank which name was not disclosed.
“Air India’s New York office transferred $300,000 to a bank account in Nigeria instead of paying the sum to a US-based firm Pratt & Whitney for supplying spare parts.
“The airline has failed to get the amount retrieved from the Nigerian bank account.
The airline involved, Air India has a large fleet of Boeing aircraft including B777s and Dreamliner that it flies to various destinations in the US and Europe.
It was reported that the officers involved in the lapse were never punished but the spokesperson of the airline said it was a case of cyber fraud and its being investigated.