In: Four persons, including sales executive, held for credit card fraud
K Praveen Kumar reports:
CHENNAI: The city police’s cyber crime cell on Friday arrested four persons for a credit card fraud. Periyanayakam (25) of Tondiarpet, a credit card sales executive for G Cards that was outsourced by SBI, with the help of Yuvaraj (22) of Perambur, Udhayachandran (24) of T P Chathiram and Ramesh Kumar (27) of Ayanavaram diverted credit cards meant for genuine customers to his addresses and misused them.
The police said Peiyanayakam approached existing card holders over the phone and offered them platinum and gold cards. When a person showed interest, he went up to them, got their address and their signature on an application form.
While submitting the form with the bank, Periyanayakam and his associates changed the present address of the applicant and supported it with forged documents. Then they collected the credit cards at the addresses given by forging the signatures and swiped them to purchase jewellery.
Read more in the Times of India.