Saturday, November 29, 2008

Credit card racket busted, 3 arrested - - 22 Nov 08

Mumbai: The Andheri police has busted a credit card racket and arrested three persons. The move came after an official of HDFC Bank approached the
police to investigate a credit card fraud.

The bank had issued a credit card with a limit of Rs 3 lakh to one Vijay Bhagat. However, a month later, it was found that the customer had overdrawn the amount and was absconding. Suspecting foul play, the bank hired private investigators to look into the matter. When the team went to the Thane address provided, they discovered that the address provided in the forms was false and letters and other correspondence found there were addressed to one Mohsin Khan.

On interrogating the estate agent instrumental in letting out the flat, it was discovered that it had originally been let out to Zhia Ulhak Rahimtur Ashrafee under the alias of Rohit Deshmukh in October last year. Zhia vacated the flat shortly after and had the house papers transferred in his associate Anil Kawlekar's name, who vacated the house a couple of months later. This led them to suspect Mohsin Khan who is now absconding.

Further investigations revealed Zhia had applied for a credit card under the name Vijay Bhagat from HDFC Bank. He and his wife also possessed credit cards from Axis Bank and Barclays Bank under the same name. On interrogation, he confessed that his brother, Ayyaz Kazi, and and brother-in-law, Javed Fakki, were also involved in the fraud.

Senior inspector P Suryavanshi said trio applied credit cards under the names of genuine customers and provide false addresses. When a bank official would visit them for verification, they would introduce themselves as relatives of the customer and the unsuspecting banks would issue the credit cards to them. "Two cars, a Honda City and a Scorpio, have been seized from the accused. The fraud is to the tune of Rs 65 lakh," an officer said.

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