Business Standard

Hyderabad man who used NRI's card to buy car arrested

IANS  |  Hyderabad 

The police have arrested a man who purchased a car by fraudulently obtaining international of a US-based NRI, police said on Thursday.

They said the accused duped the NRI to the tune of Rs 9.04 lakh by purchasing Pulse car at Renault showroom and gold jewellery at Joyalukkas here by using the Chase Bank

Police arrested K. Nageswara Rao and seized the brand new Renault Pulse car worth Rs 7.90 lakh, 14 debit /credit cards, card swipe machine and ID proofs of various persons from his possession.

Cyber crime police of Central Crime Station (CCS) are on the lookout for another accused S. Anantha Bhasker.

Bhasker brought the international Chase Bank which was in the name of one Sampamgiri Chakrapani and told his friend Nageswara Rao to swipe it for 50 per cent commission.

They purchased the car from Renault showroom in Begumpet in the first week of this month. They later went to Joyalukkas Jewellers, Panjagutta, and swiped the same card for purchasing two gold chains weighing about 42 gm for an amount of Rs 1.38 lakh.

While Nageswara Rao kept the car, Bhasker took the gold.

Police launched an investigation following a complaint from the HDFC Bank, which in turn had received it from Chase Bank, US, through Visa, stating that one of their customers raised a dispute for an amount of Rs 9.04 lakh.

The complainant stated that the card was misused at Joyalukkas and Renault showroom in

Nageswara Rao is a native of Guntur district of Andhra Pradesh while Anand hails from Nellore district of the same state.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 16 2017. 23:44 IST