Credit card fraud busted in Mumbai
By Ankit Sharma
Jul 7, 2008
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Credit card frauds continue to haunt the city, but thankfully, for the police, many of them are being busted before they can take alarming proportions. Following the arrest of two of his accomplices in Mumbai on June 29, the police are on the lookout for a Delhi based software engineer, who was the leader of the gang which committed credit card fraud. The trio has allegedly already looted many banks to the tune of Rs. 50 lakh.

The gang has three members, all residing in Anad Vihar, New Delhi, the police have said. Yogesh Mahajan, 40, the brain behind the whole fraud used to allegedly procure credit cards data and pass it on to the two accomplices, Manish Sabarwal, 27 and Umesh Chouhan, 28. The duo who were well averse with the present technology, fed the data in expired credit cards using a skimmer (a device that helps capturing the details of a card swiped). Together they used there credit cards to undertake transactions worth lakhs of rupees.

The police were informed about the case when a vigilance officer from HSBC bank’s Oshiwara branch filed a complaint of several illicit credit card transactions. The Oshiwara police then began investigating the case. The break through in the case came when, on a tip-off, they arrested Sabarwal and Chouhan near 24 Karat cinema in Jogeshwari. During investigation, the duo told the police that they were sent to Mumbai by Mahajan.

The police have said that besides Mumbai the trio operated in Delhi and Gurgaon. Sabarwal is the son of a businessman, while Chouhan’s father owns an electronic goods factory. Investigating officer Rajesh Padvi of Oshiwara police station, said, “All the three accused worked in connivance with each other to get easy money.”

The police have recovered 20 credit cards from the two arrested. The police have said that the accused had used the forged cards for shopping in malls in New Delhi and Gurgaon. A police team has also been sent to Delhi for further investigation. Search is on for the third member of this group, and also investigation is on to see if this gang included more members.

(Comments Posted : 1) Post Your Comments
1. Fraud crimes will continue to grow until the government and banks exploit KEY and PIN system described on website which will make signature and PIN systems reliable to deter fraudsters from getting tempted to misuse our stolen personal and card details. Key and PIN system will deter virtually all types of fraud crimes including those Chip and PIN, data protection and biometric ID card systems will fail to deter. Organisations would make their customers personalise signatures by letting them use mobile phone size device which will capture image and activate printer to print their ID sticker virtually instantly. KEY and PIN system could be treated like international ID card since it will personalise signature and PIN to the right individual in any country in the world. We hope that the banks and government will exploit proposed system before it is too late to stop a fraud boom. Please do not hesitate to contact us if you need further information. Thank you.
Yogesh Raja (Posted: Jul 7, 2008)
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