Man arrested for creating fake IDs to get credit cards, duping five banks

A private employee from Chikkadpally has been arrested by the Raidurgam police for creating fake identification documents to take credit cards and duped five banks to the tune of `7.33 lakh.  

Published: 20th February 2018 04:21 AM  |   Last Updated: 20th February 2018 04:21 AM   |  A+A-

Last year, scamsters manipulated credit/debit card information and internet banking details to defraud people to the tune of Rs 178 crore across the country, highest in banking system till date.

Image for representational purpose only.

By Express News Service

HYDERABAD: A private employee from Chikkadpally has been arrested by the Raidurgam police for creating fake identification documents to take credit cards and duped five banks to the tune of `7.33 lakh.  
The accused Bolu Rama Rao (35), a resident of Chikkadpally, has completed MCom from Osmania University in distance mode in 2006 and worked in various companies. While working as an executive at a firm, he learned about the verification of identification proofs for the credit card and loan applicants. He stole the documents of some applicants and forged them to make Aadhaar cards, PAN cards and other identification proofs and used them to get credit cards.

“Rama Rao used to replace the photographs of the applicants with his and applied for credit cards. He managed to get five credit cards from SBI, Ratnakar Bank, Kotak Mahindra Bank, ICICI and IDBI Banks. He used to visit petrol pumps and en-cash the money. The accused duped the banks to the tune of `7.33 lakh out of which he deposited `1 lakh as fixed deposit on his name and spent the rest.

Two held in Jharkhand for debit card frauds

Hyderabad Cyber Crime Police arrested two persons in Dhanbad for assisting debit/credit card offenders by providing their bank accounts in getting deposits from the victims.  The arrested persons are Subhash Kumar of Sihodih Sirsiya from Giridih in Jharkhand and Manoj Kumar Ball of Govindpur in Dhanbad. According to police, the accused assisted inter-state fraudsters in obtaining debit/credit card details from bank customers by posing as executives/officials of bank

Stay up to date on all the latest Hyderabad news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

facebook twitter whatsapp