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Former exec in MNC banks held for credit card fraud

A Former assistant manager with two multinational banks has been arrested for credit card fraud estimated at Rs 4 crore.

Written by Express News Service | New Delhi |
July 12, 2009 3:22:37 am

A Former assistant manager with two multinational banks has been arrested for credit card fraud estimated at Rs 4 crore.

According to the police,Ravi Kumar Sindhu,23,cheated at least 75 people in Delhi and adjoining NCR areas. He had worked first in Citibank and then Barclays Bank,totalling about four years.

Sindhu was arrested on Friday from Sarojini Nagar in South Delhi,the police said.

Besides the lakhs he reportedly duped people by using their cards,the police claimed to have recovered goods amounting to at least Rs 15 lakh. Among the seizures are an Hyundai Accent Car,split air-conditioners,LCD TVs,cameras,mobile phones,wrist watches,branded clothes,juicer-mixer-grinders,computers and household furniture — all bought with credit cards duped from people.

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Deputy Commissioner of Police (South) H G S Dhaliwal said on Saturday that having worked in two multinational banks,Sindhu knew the functioning of the credit card division as well as the delivery pattern of Blue Dart Express.

Explaining how Sindhu operated,a senior officer said,“He targetted a particular area on a given day and,after getting information from the courier company’s delivery boy for the locality,went to customers’ houses posing as a Blue Dart Express representative. He carried a fake identity card that marked him as a senior Blue Dart executive.”

Sindhu told customers that there was a mistake in dispatch of their credit card and took it with the assurance that he would be back within two hours,the officer said.


He never returned. Instead,he used the cards to purchase expensive goods,according to the officer.

DCP Dhaliwal said Sindhu’s crime came to police’s notice after one Samir Gupta,a Sarojini Nagar resident,made a complaint. On April 27,Gupta told police,a Blue Dart delivery boy brought the Standard Charted credit card he had applied for. Within 10 minutes,a man came and identified himself as an executive from the courier firm and requested his wife Manit Gupta to return the card for some correction,the complaint said.

He promised to return it in two hours.

Instead of getting back his card,Gupta received a message on his cellphone after two hours: Rs 40,000 had apparently been used from his card in various shops in Sarojini Nagar,DCP Dhaliwal said. “A case was registered at Sarojini Nagar and a police team was formed to arrest the accused,” he added.


Investigations revealed that Sindhu used 10 mobile handsets and 56 mobile numbers in eight months on fictitious identities.

After Sindhu’s run ended on Friday,the police recovered from him seven fake identities,five credit cards and 16 forged letters to receive cards on behalf of Blue Dart Express.

Calling him “an educated person of destructive mindset”,DCP Dhaliwal said Sindhu is a graduate with a diploma in computers.

Officers said his father is a government employee.

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First published on: 12-07-2009 at 03:22:37 am

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