A 32-year-old arrested on suspicion of conning an east Suffolk business out of more than £1million in cyber fraud has been re-bailed.

Suffolk Constabulary has declined to name the company which was duped, however it is understood to be based in the Felixstowe area.

The crime occurred on Wednesday, September 16, when the business was conned into handing over the money by a plausible bogus caller.

The fraudster contacted staff telling them there was a virus on the firm’s internet banking facility and advised that money in the company accounts should be transferred into separate holding accounts while the bank rectified the issue.

During the call the suspect managed to disguise his own telephone number to show the number of the bank’s fraud team which was on their website.

The caller managed to gain the staff member’s trust and instructed them to download remote access software on the firm’s computer. This enabled the suspect to access the internet banking and transfer money from the company’s account.

A 32-year-old man from Chiswick was arrested on September 28, taken to a London police station and released on bail until today after being questioned by detectives.

A spokesman for Suffolk Constabulary has said the suspect has now been re-bailed to February 25.

Anyone who may has any concerns regarding this type of incident or who has been a victim of fraud is asked to report it to police on 101 or Action Fraud – the National Fraud Reporting centre - on 0300 123 2040.