In a major breakthrough, the Cyber Crime Police have arrested three individuals from Jodhpur, Rajasthan, who were part of a gang responsible for defrauding a private sector bank of Rs 4.47 crore using fraudulent credit card transactions. The accused managed to make purchases well beyond the credit limits of their Mastercards and subsequently failed to repay the bank.
The three suspects, Mukesh Hiralal, Vishal Chauhan, and Mayank Putra Dedia, were arrested after an investigation into the case, which was registered following a complaint from the vice president of a private bank with its corporate office in Andheri, Mumbai.
According to the police, the fraudsters employed a unique method to manipulate credit card systems, allowing them to make transactions exceeding the credit limits. Once the purchases were made, they deliberately avoided payment, causing the bank significant financial losses.
The arrested individuals are currently being interrogated, and the cyber police are working to uncover the full scope of the scam, as well as identify any additional members of the gang involved. The police are also reviewing the methods used to bypass security protocols in the credit card transaction process.
This arrest is a part of ongoing efforts to curb cyber fraud, particularly in the banking sector, where fraudsters continue to exploit vulnerabilities in payment systems.
