Credit Cards   Auto Loans   Home Loans   Personal Loan   Fixed Deposits   Savings Accounts   Education Loans    
NEWS & ADVICE : CREDIT CARDS
Student involved in international credit card fraud
By Ankit Sharma
Jun 18, 2008
Print    Email    RSS   

Cases of credit card fraud refuse to die in Chennai. The police of Chennai have once again been successful in catching another fraudster. This time it involves a 20-year-old final year commerce student. He was arrested in Chennai on Tuesday for allegedly swindling credit card holders abroad to the tune of Rs.400,000, the police said.

Following a complaint from ebay.com, an online trading company, the accused, Bharat Raj Purohit, was arrested from a northern suburb in Chennai.

A police official in the cyber crime department said that the student was not initially involved in such actions. He had been allegedly tipped off about the loopholes in the trade by two people based in Mumbai and Ahmedabad.

Purohit swindled credit card holders of US, Canada and Russia after fraudulently obtaining secret access codes. He used to purchase computers, music systems and other IT accessories with the help of those credit cards. The police have also seized approximately Rs.40,000 cash from him. Interrogation is on to see his involvement with other such cases in Chennai.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Personal Loan Vs. Cash advance from credit...
A chronicle of excesses by loan recovery...
ICICI Bank reassures customers of their...
Carnival of Indian Personal Finance Blogs #5
Bankers concerned on RBI loan recovery...

Can I know that my name is there in CIBIL
SIR COULD U PLS TELL ME WHETHER MY NAME IS IN CIBIL...
how should i know the current o/s balance bcoz i am...
How can i veryfy the amount to be paid for any...
I WANT TO KNOW WHEATHER MY NAME IS LISTED IN CIBIL...
credit card statement

NEWS THIS WEEK
SBI: Best Bank of the Year 2008 Dec 3, 2008
Terrorist possessed credit cards issued by Indian Banks Dec 2, 2008
Short-term trade credit: A problem for the industry Nov 28, 2008
Credit cards holders face crunch in their credit limits Nov 28, 2008
ICICI asked to compensate for claiming interest for an un-availed loan Nov 25, 2008
News Archive