Saturday, May 30, 2009

Police busts credit card fraud gang, six arrested - The Times of India - 26 May 2009

NEW DELHI: Delhi Police on Tuesday claimed to have cracked a gang involved in credit card fraud with the arrest of six persons, including two who the credit card division of two leading private banks.

The arrests came following investigations into a complaint filed by one V K Garg who said that somebody had fraudulently made purchases worth Rs One lakh using his credit cards which he lost in a market in east of Kailash.

The arrested persons were identified as Rajeev Talwar, Hashim Jafarbaxi, Gulshan Kumar, Sunil Kumar, Aditya Kumar and Amit Kumar Chikara, police said.

Chikara and Sunil earlier worked for ICICI and ABN AMRO Bank Credit Card Unit respectively and were conversant with the process of issuance of Credit Cards and its limits, police said.

Officials said they analysed the records of Electronic Swap Machines of an electronic goods shop at Khichri Pur where stolen ICICI Bank card was used. It came to light that the bill amount differed from the swapped amount and a fake ID was allegedly accepted by the shopkeeper.

Police claimed they found that Talwar, the shopowner, used to swap already destroyed credit cards with the help of three others, whom he paid 50 per cent of the swapped amount.

Talwar's arrest led to the arrest of Chikara and Gulshan, who allegedly procured and used such cards.

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