Monday, January 7, 2008

Kanpur police busted a racket, arrested five for Rs 4-crore credit card fraud

A racket was busted; five gang members were arrested by a team of the Kotwali police and the Special Operations Group (SOG), for duping credit card users of over Rs 4 crore.

From their possession the police recovered 15 credit cards and over a dozen passbooks, chequebooks, ration cards and identity proofs.

Moving on a tip-off, on Thursday night the team arrested Ajai Singh, Vijay Pandey, Hanuman Mishra, Akhilesh Tiwari and Mohammed Hussain from near a well-known private bank under the Kotwali police circle.

Kotwali in-charge T B Singh told the media person the mastermind of the racket, Aman Singh, owner of Singh Electronic in Kakadev area, is still absconding.

Explaining about their technique used, Singh said the gang members would first collect from a bank a list of credit card holders who have defaulted on payment and then visit them posing as bank staff. “They would request the card users to pay the pending amount through cheque and then take away the credit cards on the pretext of getting them reactivated,” he added. As soon as the defaulters would deposit the pending amount, the gang made transactions using the credit cards.

SP Atul Saxena said during interrogation, the arrested members of the racket revealed a concatenation with officials of a private bank. He said the police were investigating the matter while other members would be arrested soon.

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