Mumbai: Ex-bank employee held for Rs 4 crore cashback fraud
PTI, Aug 28, 2022, 4:00 PM IST
A 41-year-old former employee of a nationalised bank here has been arrested for allegedly cheating the institution to the tune of Rs 4 crore by way of cashback for credit card holders, police said on Sunday.
The police recently apprehended Nitin Khare based on an FIR registered against him by the bank in May, an official from Saki Naka police said.
Khare was a contractual employee and handled the data of bank customers’ shopping and cashback, he said.
The accused diverted cashback earned on 83 credit cards and duped the bank to the tune of Rs 4 crore, the official said.
During the probe, the police found that the fraud was committed between January and August 2021. But the matter came to light after some customers complained to the bank about cashback in their credit card accounts despite not having shopped during that time.
A friend of the accused from Nashik had allegedly provided him credit cards of different people and he had passed on the fraudulent cashback benefits to credit card accounts of his friends who were also from Nashik, the official said.
A case under sections 420 (cheating) and 419 (punishment for cheating by personation) has been registered in this regard and more arrests are likely in the case, he added.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Centre scraps ‘no-detention policy’ for classes 5 and 8 students
Apologise for always insulting Ambedkar instead of doing drama: BJP to Cong on campaign against Shah
Farmer who threatened to commit suicide asked to cough up Rs 9.9 lakh by police for security arrangements
Unnao rape survivor father’s death: Delhi HC extends Kuldeep Sengar’s interim bail till January 20
Police to train Delhi school teachers to deal with bomb threats
MUST WATCH
Latest Additions
Centre scraps ‘no-detention policy’ for classes 5 and 8 students
Software engineer in Bengaluru loses Rs 11.8 crore to ‘digital arrest’ scam
Apologise for always insulting Ambedkar instead of doing drama: BJP to Cong on campaign against Shah
Farmer who threatened to commit suicide asked to cough up Rs 9.9 lakh by police for security arrangements
No question of forgiving BJP MLC Ravi at any cost for using derogatory word : Minister Laxmi Hebbalkar
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.