Three held for cheating banks of Rs 60 lakh

Crime Branch has arrested three men, including a former direct selling agent (DSA) of a bank who reportedly cheated several banks to the tune of Rs 60 lakh.

Crime Branch has arrested three men, including a former direct selling agent (DSA) of a bank who reportedly cheated several banks to the tune of Rs 60 lakh. The main accused, identified as Gurmeet Singh Randhawa (28), obtained several credit cards on the basis of fake bank accounts and in connivance with two shopkeepers swiped those cards to the tune of

HT Image

several lakhs of rupees causing huge loss to the concerned bank.

The other accused have been identified as Jai Narain (34) and Amit Dalal (27).

Randhawa would swipe the credit cards at the shops of the other two accused and later they would share the booty.

“Narain and Dalal would show fictitious sale of goods. When the credit card company would send outstanding bills to the addresses of the cardholders they found them to be fake,” said Satyendra Garg, ACP (crime).

Police also seized 70 credit cards, PAN cards, five EDC machines and several bank documents from the three.