Gang of credit card cheats busted

Monday, January 24, 2011

NEW DELHI - A gang of credit card cheats has been busted with the arrest of a shopkeeper in central Delhi, police said Monday

Acting on a complaint of lost bag containing a credit card, police found that the card was swiped to withdraw a total amount of Rs.182,000 within minutes of its theft.

“The information of the theft of the credit card was reported from Safdarjang Enclave (south Delhi) at 8.28 p.m. whereas this credit card was swiped at 8.46 p.m. at a shop located at C-11 Shardhanand Market in central Delhi, a police official said.

“It was revealed that the entire limited value of the credit card which is to the tune of Rs.182,000 was swiped by making four attempts within 7 minutes only. The owner of the shop, Rajesh Maini Nath was arrested and it was found that he was responsible. There were two other swiping machines at his shop and it was found that huge amount of money had been credited in the account of Nath, the official said.

The official added that Nath with his associates used to purchase stolen credit cards from thieves and swiped it at his shop, transferring money to their account.

“Nath, a graduate from Delhi University and belonging to a well-reputed family. He started his shop at Shardhanand Market in G.B.Road and has good knowledge of computers. He started criminal cheating in order to meet expenses on various indulgences,” the official added.

Filed under: Accidents and Disasters

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