Cyberabad Police Bust a Rs 50 Crore Global Credit Card Scam | Nearby News
Home
Newsletters
Stories
Events
LifeStyle
Business
Administration
Politics
Entertainment
Startups

Hyderabad

Cyberabad Police Bust a Rs 50 Crore Global Credit Card Scam
Cyberabad police busted a Rs 50 crore global credit card scam in Hyderabad and arrested a 7-member interstate gang of fraudsters.
G
Guru Prasad
Hyderabad
Fri Jan 14 2022
share via :
Cyberabad Police Bust a Rs 50 Crore Global Credit Card Scam
A -
A +

Cyberabad police busted a Rs 50 crore global credit card scam in Hyderabad and arrested a 7-member interstate gang of fraudsters. The accused were from Delhi and Hyderabad, who were cheating foreign customers under the pretense of providing technical services. A fake call center was busted in Mohali, Punjab, by Cyber Crime police of Cyberabad Commissionarate following an investigation launched after a complaint was lodged by Abdul Nayeem, authorized signatory of HDFC Bank Credit Intelligence and Control Unit.


Nayeem sought action against a merchant for multiple suspicious transactions happening on the swiping machine issued to them. Incidentally, transactions were done through 85 different international cards to the tune of Rs 64.40 lakh between December 18 and 23, 2021. The accused mostly targeted residents of the United Kingdom, Singapore, and Australia, according to Cyberabad Police Commissioner Stephen Raveendra. The gang was involved in cheating payment gateways.


The gang included Naveen Bhutani, Mohit and Monu from Delhi and Nagaraju Bondada, Donthula Sravan Kumar, Sadhanala Mukkanti Srinivasa Rao, and Pavan Vennelakanti from Hyderabad. The police seized Rs 1.11 crore in cash, three four-wheelers, laptops, mobile phones, checkbooks, and debit cards from them.


As for their modus operandi, Naveen Bhutani, along with Monu, established three call centers at various places like Janakpuri in New Delhi, Kaushambi of Ghaziabad, and Mohali of Punjab for cheating customers under the guise of providing technical services. Also, Naveen happens to run Google ad campaigns with his contact numbers in Australia, the UK, and Singapore for his companies providing technical services to solve problems relating to PayPal, Amazon, and technical devices like routers, internet.


When customers responded to Google ads, they were made to pay through payment gateway links provided by Mohit. The gateway links were collected through Nagaraju and Srinivas, who were offered 50 percent commission. The accused were also cheating people through inbound calls generated through phishing emails and SMS about their recent purchase. And the gang would access card credentials during remote access and use the same for transactions later as OTPs or PINs are not required for international transactions.


Also, Naveen and his associates were cheating customers from these countries by obtaining their mobile numbers and transaction history through various websites after dialing them to get the OTP sent to their mobiles. Then the fraudster tele-callers would call in to say their email accounts have been compromised and offer technical support and grab credit card details, expiry date, and CVV for further use.


It’s important to note that the accused were making payments during the night hours of the respective countries so that the customers could not block or report fraud.


Get your local newspaper delivered to your Email at 7am everyday
Select City
Select City

FOLLOW US

Cyberabad Police Bust a Rs 50 Crore Global Credit Card Scam
Cyberabad Police Bust a Rs 50 Crore Global Credit Card Scam
Latest Articles
US Chip Design Firm Opens First Development Center In Hyderabad
US Chip Design Firm Opens First Development Center In Hyderabad
Third Wave Effect: Traffic Down By Thirty Percent
Third Wave Effect: Traffic Down By Thirty Percent
After Four Decades Of Neglect, GHMC Focuses On Old City Roads
After Four Decades Of Neglect, GHMC Focuses On Old City Roads
Know Ellas - The Latest Padma Bhushans From Hyderabad
Know Ellas - The Latest Padma Bhushans From Hyderabad
For Second Consecutive Year, Hyderabad Literary Festival Goes Virtual
For Second Consecutive Year, Hyderabad Literary Festival Goes Virtual
Groundwater Levels In Hyderabad 'Critical'
Groundwater Levels In Hyderabad 'Critical'
On National Girl Child Day, Mother Tries To Sell Teen Daughter
On National Girl Child Day, Mother Tries To Sell Teen Daughter
Night Curfew Not Needed: Govt Informs High Court
Night Curfew Not Needed: Govt Informs High Court
Fever Survey: Not For Apartments And Gated Communities!
Fever Survey: Not For Apartments And Gated Communities!
Darwinbox Becomes Hyderabad’s First Unicorn Serving Over 650 Global Clients
Darwinbox Becomes Hyderabad’s First Unicorn Serving Over 650 Global Clients
Related Articles
On National Girl Child Day, Mother Tries To Sell Teen Daughter
On National Girl Child Day, Mother Tries To Sell Teen Daughter
Dead Pushpa Actress' Parents Demand For CCTV Footage
Dead Pushpa Actress' Parents Demand For CCTV Footage
Gold Worth Crores Seized from Rajiv Gandhi International Airport
Gold Worth Crores Seized from Rajiv Gandhi International Airport
One Thief: Six Chain Snatchings In Six Hours!
One Thief: Six Chain Snatchings In Six Hours!
Drunk Actor Rams Car Into Roadside Vehicles!
Drunk Actor Rams Car Into Roadside Vehicles!
Women Safety is Synonymous With She Teams in the City
Women Safety is Synonymous With She Teams in the City
Three Chain Snatchings In Just One Hour!
Three Chain Snatchings In Just One Hour!
Cyberabad Police Bust a Rs 50 Crore Global Credit Card Scam
Cyberabad Police Bust a Rs 50 Crore Global Credit Card Scam
Spoofed Apps Turn Traders’ Nightmare
Spoofed Apps Turn Traders’ Nightmare
72-Year-Old Book Publisher Arrested for Sexual Abuse of Minor
72-Year-Old Book Publisher Arrested for Sexual Abuse of Minor
Techie Ends Life Unable To Cope-Up With Work Pressure
Techie Ends Life Unable To Cope-Up With Work Pressure
City Cybercrime Police Arrests 8 Involved in Job Fraud
City Cybercrime Police Arrests 8 Involved in Job Fraud
Drugs Case: Thirty Film And Political Celebrities In The List
Drugs Case: Thirty Film And Political Celebrities In The List
Hyderabadi Engineer Goes Missing in Australia
Hyderabadi Engineer Goes Missing in Australia
Bulli Bai App Case: Victims In Hyderabad As Well
Bulli Bai App Case: Victims In Hyderabad As Well
Drunk Driving Takes The Life of an Unfortunate Cyclist Techie
Drunk Driving Takes The Life of an Unfortunate Cyclist Techie
Subscribe to our Newsletter
Get your local newspaper delivered to your Email at 7am everyday
Select City
Select City
logo
hi@nearbynews.in
Gachibowli, Hyderabad - 500032
nearby news © - 2022