Business Standard

Gang involved in credit card frauds busted, two arrested

IANS  |  New Delhi 

A gang involved in fraudulent withdrawals through has been and two members arrested, police said on Sunday.

Ankit Rawal, 30, and Ankur Rawal, 32 were arrested after a complaint from (SBI) about fraudulent use of and withdrawal of of money, police added.

A Ford Eco Sports SUV as well as used for luring customers of the SBI, a card-swipe machine, hundreds of photographs used for pasting on application forms for were also seized.

"Electronic and other surveillance revealed that the accused used SBI Credit Card customers' data to induce people to get credit cards, while posing as SBI employees," an said.

After receiving documents from the customers on an SBI email address, the gang used these documents to fill in forms for credit cards and filled in their own addresses to receive the same.

After receiving the credit cards, they used POS machine for transfer of money through credit cards to their current accounts, police added.



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First Published: Sun, May 13 2018. 20:14 IST