A 20-year-old final year commerce student was arrested in Chennai on Tuesday for allegedly swindling credit card holders abroad to the tune of Rs.400,000, the police said.
Bharat Raj Purohit was arrested from a northern suburb here following a complaint from ebay.com, an online trading company.
He had been allegedly tipped off about the loopholes in the trade by two people based in Mumbai and Ahmedabad, a police official in the cyber crime department said.
Purohit swindled credit card holders of US, Canada and Russia after fraudulently obtaining secret access codes. He purchased computers, music systems and other IT accessories.
Approximately Rs.40,000 cash was also seized from him.