The Cyber Cell of South District Police has arrested a 30-year-old mason for allegedly duping a multinational financial services company American Express to the tune of Rs 15 lakh in the last six months by buying four credit cards on fake IDS.
DCP (South) Atul Kumar Thakur said the accused, identified as Shakeel Alam, a Class X dropout, and his second wife taught him how to use a credit card. He was working as a mason for several leading proprietorship firms for three years.
“Shakeel was arrested after receiving a complaint from American Express Company alleging that four credit cards were taken on fake IDs through an online application. He spent Rs 15.39 lakh through forged checks to pay for these credit cards and bills, which bounced. They used to get cash after swiping credit cards from petrol pumps to hide money transactions,” he said.
Thakur said Shakeel was absconding when he came to know that a complaint had been registered and had applied for anticipatory bail. His bail was rejected and with the help of technical surveillance he was arrested.
“During investigation, we found that more than seven of his bank accounts are linked to each other. They rotated the amount in the accounts to improve their CIBIL score – TransUnion CIBIL Limited, an Indian company that has access to credit information,” Thakur said.
“This information refers to all financial transactions where you have borrowed or repaid money, the score of his family members and employees, and can be used to take out loans from the bank in excess of 21 lakhs recently. Bought an MG Hector car for Rs.19.5 lakh out of which Rs.19.5 lakh was a loan due to good CIBIL score,” Thakur said.
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