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Man hacks his way to Rs 91-mn spending on SBI credit card with Rs 13k limit

It came to the notice that balance in prepaid card system has been altered fraudulently for authorisation of three foreign travel cards belonging to a single individual

Press Trust of India  |  New Delhi 

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A Mumbai-resident allegedly spent $1.41 million (Rs 91 million) on British using a issued by the of India with a meagre spending limit of $200 (Rs 13,000) prompting the CBI to register an FIR today, officials said.

The SBI had filed a complaint with the CBI in this regard alleging that its NRI Seawoods branch in Navi Mumbai had issued a for which the prepaid application is provided by and database support resources are provided by MPhasis, they said.

"On February 28, 2017, the of reported the incident to the bank," the complaint said.

It came to the notice that balance in prepaid card system has been altered fraudulently for authorisation of three belonging to a single individual, it said.

"The authorisations have mainly happened over of four merchants and involve around 374 transactions amounting to $1.41 million. These transactions have happened over a period of three months-- from November 8th, 2016 to February 12, 2017," it said.

The alleged that card was issued by NRI Seawoods branch on November 7, 2016 on which two more cards were issued to the card holder.

"The cards were issued to one for $200. Thereafter there was no load or reload on the cards. Transactions took place in the cards from November 8, 2016 on four merchant sites as e-commerce transactions- com, entropay, swiftvoucher and SKR Shrill.com," it said.

The alleged that all merchant transactions came via Visa with Merchant country code as Great Britain with the transaction and billing currency as USD.

It is suspected that while transactions happened on the prepaid card system, the balance appear to have been altered manually via the Database access and post authorisation the settlement transaction and authorisation have been deleted from the prepaid card system including the general ledger entry and so the balance sheet generated on the prepaid card system did not get any difference, the bank has alleged.

The CBI has booked Poojary and unidentified persons under charges of criminal conspiracy, cheating, forgery and violation of the Act.

First Published: Mon, March 12 2018. 21:10 IST
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