City police has arrested four people, including two bank employees, for a massive credit card fraud.
Police said the accused were Varun Sadh, a 31- year-old textile shop owner from Sultan Bazaar, M. Nani Babu, 30, a credit card sales executive of SBI Paradise branch and a resident of Tarnaka, K. Raju, 29, a sales associate of HDFC Bank, and Jitender Agarwal, 28, the service manager of a credit card swapping machine in a private firm.
Police suspects the gang swindled around Rs 5 crore using forged credit cards and other illegal means in the last one year.
The police said the main accused Varun Sadh, a textile shop owner, had duplicated the credit cards of his customers using a skimmer when they came for purchases at his shop.
“He purchased a skimmer from Bangkok and started transferring data from his customers’ credit cards. He made 17 fake credit cards and used them,” additional commissioner of police, crime, Ahzan Raza said.
“He also used to get stolen or missing credit cars from thieves, and give them cash instead of goods after swiping it and used to take 3 to 5 per cent commission,” Mr Raza said.