Cops track down ingenious credit card fraudsters | mumbai | Hindustan Times
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Cops track down ingenious credit card fraudsters

mumbai Updated: Aug 19, 2010 03:27 IST
HT Correspondent
HT Correspondent
Hindustan Times
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The Pant Nagar police busted a five-member gang of ingenious thieves from Uttar Pradesh on Tuesday. The gang had fraudulently created over 100 credit cards of Mumbai residents and used them in UP.

API Kasar, from Pant Nagar police station said, "We have arrested the five men on charges of forgery and cheating and other sections of the IPC."

The cheats had been living in Mumbai for the past four months. They were arrested from Dadar station and Samraj Nagar in Ghatkopar.

The police said that the men used to pretend to be representatives of a local bank offering personal loans.

They would then collect all relevant documents from the customers.

The men then transported these original documents to Uttar Pradesh along their accomplices by train.

These documents were then sent to accomplices in UP who would replace the photos on the documents with pictures of gang members.

"Using these forged documents, the gang then applied for credit cards in local UP banks," an officer from Pant Nagar police station said.

Once they got the credit cards, gang members would use them for shopping.

Pant Nagar officers investigating the case, said the gang’s luck ran out after one of their victims, Shekhar Iyer (30), approached the police when he did not receive the personal loan he had applied for. Iyer told the police that even though he had no credit card, he had been receiving bills at his address from UP.

Following the complaint, the police approached the UP bank and learnt that Iyer’s documents had been forged.

The police then traced the gang through the shops they had used the cards at.

"We have recovered original documents of more than 100 people in their latest consignment, but we suspect this is just the tip of the iceberg," said a Pant Nagar police officer on condition of anonymity.