Wed. Jun 26th, 2019

Financial fraud unearthed, accused arrested by Delhi Police

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Noida: The Noida Police arrested two men on Sunday for financial fraud by the accused as they were making online purchases with illegally obtained credit cards. The value of the fraud was over Rs.3 crore. The credit cards were obtained as the accused used forged Aadhaar cards.

Superintendent of Police (Noida City) Ms. Sudha Singh said the Sector 20 police station received a complaint from The American Express bank after its financial fraud cell became aware of such cases recently. An investigation was initiated into the case and it was found that the suspected link of more persons were found.

The SP said that the arrested were identified as Sandeep Kumar and Sandeep Beniwal who are both B. Tech graduates.

On apprehending the accused, the police seized 29 credit cards of various banks, which included five American Express cards and six ATM cards of various other banks, 10 fake Aadhaar cards and 7 PAN cards, a hatchback car and cash of Rs.20, 000/- from their possession.

The SP said the accused, to get their Aadhaar cards made used their photographs along with forged identifications and fake documents. These were then used to make their credit cards. The accused used the credit cards for shopping and especially bought gold which they would then sell off to get cash.

The officer said that the estimated amount of the fraud committed by the two could be between Rs.3 crore and Rs.5 crore.

The accused were booked at the Sector-20 police station, a case has been registered against the accused, and they have been charged under IPC Sections 420 (fraud), 467 (forgery) and related offences, the police said.

 

 

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