Dismissing media reports that Flipkart CEO Binny Bansal's email account has been hacked, the e-commerce giant on Friday said it was spoofed but not hacked.

In a statement, Flipkart said, "We would like to clarify it is not a case of hacking. Flipkart's corporate email system leverages the highest standards of security including but not limited to two factor authentication."

A spoofed email does not come from the real source but from a different source forging the name and address with a secret motive.

A leading newspaper on Friday stated that Bansal's email account was hacked and two emails were sent in his name to Flipkart's CFO Sanjay Baweja on March 1 at 11.33 a.m., asking him to transfer $80,000 (roughly Rs. 52 lakhs).

The company said it lodged a police report complaining on email spoofing its CEO had to go through.

The statement said, "We have filed a case of email spoofing which involves use of a forged email header to make it look like a legitimate email. This case of email spoofing was immediately detected and a report was filed with police."