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5 held in credit card scam

The city police on Tuesday busted a five-member gang that has defrauded many private and nationalised banks of crore of rupees by
obtaining credit cards from them on fake identities.

All the accused, who are also wanted in many fraud cases for the last many years, have been arrested by the CIA I from Pakhowal Road, near Rimal Hospital. Twenty credit cards and a number of pan cards
have been recovered from them.

SSP Dr Sukhchain Singh Gill said all the five accused -- Jatinder Singh, a resident of Labour Colony, Gill Road, Shampreet Singh, a resident of Tek Singh Nagar, Gill Road, Maneesh Kumar, a resident of Sham Nagar, Harjinder Singh, a resident of Labour Colony, Gill Road, Pradeep Kumar, a resident of Bawa Colony, Haibowal, were 25 to 26 years old and have been into the ‘business’ for the last many years.

The main accused, Shampreet and Maneesh Kumar, had set up their office, Sam & Associates, in flat number six at Sant Ishar Singh Nagar and had taken the direct marketing agency of ABN Ambro. At that time, Jatinder Singh, who worked as collection person with ICICI Bank, also joined them and then, the trio started taking credit cards on fake identities.

Their modus operandi was: after taking credit cards, instead of shopping, they used to take cash from showroom owners, giving them three to five per cent of money. In this way, they cheated many banks, including State Bank of India, ICICI, HDFC, HSBC and ABN Ambro, among others.

Gill said they suspected the involvement of a number of people in this scam and would arrest them soon.



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