The misdirected remittance was due to a fraudulent instruction by a party purporting to be a supplier, according to the filing on SGX.
Nera Telecommunications, the communications and solutions provider, announced that it had made a police report over misdirected remittance of $307,676 on Oct 5.
See also: Nera Telecommunications 1Q earnings down 39.2% to $1.74 mil
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