On February 21, private employee Naveen Jyothi filed a complaint claiming that his KYC bank details had been misused by culprits to obtain an SBI credit card in his name. They made purchases worth Rs 88,654 using the credit card. After an investigation, the police arrested the main defendant P Shivaram Prasad, from Kadapa district in Andhra Pradesh. Based on his confession, police arrested his eight associates, including B Ravi Teja, a software engineer at Accenture. The gang members prepared fake payslips from companies like Accenture and, pairing them with fake voter ID cards, obtained PAN cards by taking the attestation from Ms. Moshe, assistant paramedic, medical and health department, Madugula village of Guntur district. After getting PAN cards, they opened bank accounts and got credit cards. “They obtained 33 SBI credit cards by fraudulent means and duped the bank for Rs 36 83,509 into misusing them,” Cyberabad Police Commissioner VC Sajjanar said.
Prasad also made purchases worth Rs 37.8 lakh from a popular electronic showroom by providing a fake PAN card and misusing the credit card. Police seized a Hyundai Accent car, a Royal Enfield bicycle, three laptops, 49 PAN cards, 19 voter ID cards, 25 check books, fictitious company registration papers. Likewise, the Cyber ââCrime team also arrested P Praveen Kumar of Medak and his three associates. . Praveen, who works at SKP Securities, obtained proof of identity from the internet and prepared fake IDs. Using the same modus operandi, Praveen and his associates obtained 17 SBI credit cards and defrauded the bank of Rs 1.45 crore by opening current accounts on behalf of different companies.
Based on a complaint filed by BN Reddy Nagar’s boss, Mr. Laxmi Prasanna, about strangers who obtained a credit card using his KYC details, police arrested G Shiva Kumar from Kadapa and Ms. Ramaiah from Nalgonda. The duo had fraudulently obtained 12 SBI credit cards and defrauded the bank to the tune of Rs 12.5 lakh.
In another case, police arrested U Devi Prasad, a former sales manager of SBI, Jeedimetla for obtaining three credit cards from SBI using forged documents and abusing them to the tune of Rs 6.45 lakh.