Thursday, October 30, 2008

3 held for credit card fraud - - 26 Oct 2008

NEW DELHI: The glitzy malls might not attract enough shoppers, but are definitely a good playground for cheaters. The outer district police arrested
three men belonging to middle class and upper middle class backgrounds for shopping electronic items worth lakhs from a Rohini mall using blocked credit cards.

Jaspreet Jolly, store manager of Croma Center in Vikas Surya Shopping Mall in Manglam place in sector-3 Rohini, was shocked when American Express credit card department informed him that no payment will be made to the store for the transactions worth Rs 5.9 lakh made between 21-23 October using blocked credit cards.

All the payments were made in the offline mode. However, no money was credited to the store's account by American Express as the cards were either stolen or had been blocked earlier itself. It was revealed that same credit card was used by three different people to make purchases.

One Mohammed Saheem first purchased, LCD TV'S, Home Theatres, Sony Bravia 26'', A/C kit, Maharaja White line, Bajaj Appliances, Bajaj OTG, Bajaj coffee maker, hair dryer, mobile phone, iron, photo frame, hair straightner, handycam, handycam carry case, Kodak photo frame and so on for Rs 68,870, Rs 82,085 and Rs 1,17,953 on October 21 through American Express (ICICI Bank) credit card on offline shopping mode.

Subsequently on October 23, purchases worth Rs 1,49,806, Rs 1,35,755 and Rs 43,580 were made by the friends of Saheem who accompanied him earlier.

The police studied the CCTV recording to study all the customers in past three days. "Based on sources and the CCTV, we arrested three persons Ajay, Aarif and Md Saheem from the M2K shopping complex premises at Sector 3, Rohini,'' said DCP outer district, Atul Katiyar.

The accused revealed one more person, Jatin, was also involved in similar purchases. The accused knew that the credit cards had been blocked. "They were also aware that offline shopping cannot be detected or declined by the concerned bank. Several credit cards were recovered from them. The case reflects that a big gang using stolen credit cards is operational. We are further investigating the case,'' Katiyar added.

What is more surprising is the profiles of the three accused. The accused Ajay (23) graduated from DU and runs a factory of electrical accessories. He belongs to an upper middle class family. Aarif (32) also a DU graduate is engaged in share purchase business. Saheem, meanwhile, is a 9th standard pass out and runs a tailoring shop at Sadar Bazaar.

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