Credit card fraud worths Rs 2.5cr busted with 3 held

NEW DELHI: 3 persons, including former direct selling agent from multi-national bank, had been arrested in a case of credit card fraud assuming Rs 2.5 crore. The accused identified by the name Gurmeet Singh Randhawa (28), Jai Narain (34) and Amit Dalal (27) allegedly laundering off money from several banks.

Randhawa, the alleged mastermind of the gang, earlier used to worked as DSA in some multi-national banks. He procured a numbers of credit card on the basis of fake bank accounts and
then in connivance with 2 shopkeeper, swiped those cards. Police seized 700 credit cards, six PAN cards, five electronics data capturing (EDC) machines and bank account papers.

Additional CP (crime) Satyendra Garg says, "The gang got credit cards issued by the multinational banks vy forged document. Randhawa contacts 2 shopkeepers who had EDC machines. Using these credit cards Narain & Dalal used to shows some fictitious sales of goods. When credit card company send the outstanding bills to the addresses of the cardholder, they found it as a fake. The money was divided between the 3 and bank had to held for losses.''

The gang had an operational for the past few years. Randhawa allegedly have 6 bank accounts on under the name of Amit Tandon.

Narain, ITI graduate diploma holder, was from Delhi. He have 2 shops in Mukundpur & Naraina. Dalal was graduate from Rohtak University and runs a garment shop in Paschim Vihar.

Times of India

No comments: