Importer held for stealing money through credit card fraud

A city-based importer has been arrested for allegedly siphoning off Rs 66 lakh by stealing credit card data of customers visiting his shop, police said today.
With his arrest, the police has claimed to have busted a cheating racket.
The importer, Mohd Saleem, who is the alleged kingpin of the racket, was arrested yesterday on the basis of a complaint filed by a private firm's executive Naresh Kumar. Kumar has alleged that the accused had withdrawn Rs 1,19,000 from his account.
Later, he came to know that similar attempts were made to steal money from his friend Sukhbir's account as well. He then decided to approach police.

"Keeping in mind the involvement of an organised racket involved in duping senior executives working with multinationals, immediately a case was registered and investigation was taken up," said Central District Additional Commissioner of Police Alok Kumar.
"The accused used to steal the vital data of credit cards by securing a photocopy of the card from the customers on the pretext of keeping a record for audit purposes.

"Once he got the vital information, he would use it for further transactions by transferring the funds to bank accounts opened on fake IDs. Once the transaction was done, he withdrew the same through various ATMs," he said.

The accused had floated a fake tour and travel company for his fraud activities, police said.
Police said the co-accused Danish, who is Saleem's cousin and helped him in the entire racket, is still at large and the involvement of bank officials are also being probed.