Credit card fraudsters held | delhi | Hindustan Times
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Credit card fraudsters held

delhi Updated: Oct 21, 2011 02:18 IST
HT Correspondent
HT Correspondent
Hindustan Times
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The crime branch of Delhi Police on Thursday arrested eight persons for duping HDFC Bank of Rs 35 lakh by procuring credit cards against fake documents and swiping them in Electronic Data Capturing (EDC) machines, which were also procured fraudulently.


The police claimed to have busted two gangs in connection with the credit card frauds.

Those arrested have been identified as Sunder Kumar, Vikas Malik, Jitender Gulati, Raj Karan, Paramjit Singh, Ashok Kumar, Pramod Kumar and Hari Prakash. Sunder and Gulati are kingpins of the two gangs, said police.

Ashok Chand, DCP (crime and railways) said the arrests came following investigations into a complaint lodged by the HDFC Bank. Chand said, the gang led by Sunder floated a fictitious company in the name of Comviva Technologies and projected that it was selling computer software procured EDC machines.

“They took two EDC machines from HDFC and ICICI Bank and procured credit cards from the HDFC bank on forged documents and fictitious names. They had involved an employee of Savvy Management Private Ltd that conducts verification for HDFC Bank for the genuineness of credit card applicants. This employee used to verify those fictitious persons as genuine customers and the bank, believing them to be genuine, issued them the cards,” said Chand.

He added that Pramod and Prakash were courier delivery boys of Bluedart Courier Company and delivered the credit cards to this racket.

The second gang, Chand said, led by Gulati procured credit cards. “The fraudsters also roped in some merchants, who swiped the cards in their EDC machines for 4-6% of the transacted amount as commission,” said Chand.