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Three held for credit card fraud

NEW DELHI: Three men who allegedly cheated a multi-national bank by using its fraudulently obtained credit cards for making purchases worth over Rs.1 crore have been arrested by the Crime Branch of the Delhi police. One of the accused was an assistant manager with the bank.

The accused, identified as Ramneek Kapoor, Kanwaljeet Singh Saluja and his son Jasmeet Singh, are residents of Ludhiana in Punjab. They were arrested in Ahmedabad on June 16. The police claim to have seized from them two luxury cars, mobile phones, computer accessories and forged documents pertaining to 15 bank accounts opened on fake identification papers.

According to the police, Ramneek was the mastermind behind the fraud. A software engineer, management post-graduate and a post-graduate in English from Punjab, Ramneek started working as a sales executive in Spark Computers, a direct sales agency of Citibank’s credit cards division, about five years ago. In 2005, he joined the bank and was posted at Ludhiana.

The same year, Ramneek met Jasmeet and his father Kanwaljeet Singh and opened accounts for them in the bank. In due course, they became friends and allegedly planned to get credit cards issued on forged documents. Ramneek allegedly stole the confidential credit card data from the bank’s server and passed it on to Jasmeet, who allegedly forged documents on that basis and used them to get the new cards at changed addresses.

The father-son duo hired office premises at several places to receive the credit cards. The police said Ramneek used to pass on details of only those credit card holders whose credit limits were over Rs.10 lakh. He allegedly took 30 per cent of the swindled amount.

He also allegedly opened fictitious gold accounts in the bank in connivance with the other two accused.

Jasmeet and his father Kanwaljeet, a real estate agent, allegedly used the cards at big jewellery showrooms in Delhi, Mumbai, Ahmedabad and other places.

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