IIT student arrested for credit card fraud

[sajiv]

IIT student arrested for credit card fraud

Ahmedabad: The cyber crime cell of the city police has arrested a student of Indian Institute of Technology, Mumbai's extension centre in Gandhinagar, for his involvement in the on-line credit card frauds, police said on Saturday.

According to a statement issued by the cyber crime cell, one Ashish Ravindran Nathan, student of computer engineering, was arrested on Friday from a garden in the Satellite area here on charges of conducting on-line credit card frauds.

The statement said that Nathan was allegedly operating in the city since October last year and has till date duped 25 persons of around Rs 7 lakh. Nathan was allegedly in possession of 15 SIM cards, four mobile phones, three bogus pan cards, credit card application form and cash of Rs 1.3 lakh when he was arrested.

He was arrested following a complaint by one of the persons who was a victim of the fraud. Nathan has been remanded to police custody by a local court here for 14 days.

During primary interrogation, Nathan revealed that he used to get numbers from the yellow pages, call people posing as a Barclay's bank employee who wanted to inform them about the free credit card offer. He would then ask the people to give their existing credit card number along with the CVV number to avail the limited period offer. After getting the credit card number, Nathan would call the helpline of the person's credit card company and impersonate as the original customer and ask them to change contact details, so that all queries would be diverted to him. Nathan has good connections with travel agents and would use the credit card numbers obtained to purchase airline tickets online. Cyber crime cell officials said, Nathan used to call people under different names and used false I-cards to get documents from the people. -- PTI