A Mumbai teenager, identified as Ravi Shinde, was arrested by the Kapodara police for his alleged involvement in an online scam in which he used a fake debit card to withdraw money from the accounts of unsuspecting customers. Police have arrested the teen under the provisions of the newly passed Merchant Money Transactions Act.
According to the police, the suspect was involved in a scheme wherein he would create fake debit card accounts at different financial institutions and then withdraw money from them. Police say that Shinde also provided information to the fraudulent bank account holders so that they can use the card in other ATM machines around Mumbai. However, police were able to identify Shinde and arrested him after he was caught red handed withdrawing money from a bank account. Shinde was arrested on the same day when he made an attempt to use a fake card to withdraw money from a plastic money machine.
When police checked the account balance, they found that there was no such kind of a fake credit card in the name of Ravi Shinde. The bank has verified the balance of the account and then handed over the details to the police. Police officials say that the suspect used a fake debit card to withdraw the money from his account and has given the information of a bank account to the fraudster. The suspect later transferred the money to a third party. Police have registered a case against the suspect under the recently passed Merchant Money Transactions Act.
According to police officials, Shinde was planning to run away with the money when he received a fraud alert. He decided to flee and got himself arrested in an empty parking lot near a restaurant. Police are trying to verify the identities of the person who gave him the false account information. They also found out that the suspect used a fake ATM card to withdraw money from a plastic money machine near the bank. The suspect was also using a fake bank card to withdraw money from the ATM in the city's railway station and was caught by the police officials.
According to the police, Ravi Shinde is a resident of Bhataliputra area and has been working in the city for some time now. However, he has not been working for any big company or a big company at that. Since there are many cases of frauds in the area where people are running away with the money, the police is going over this case to find out more about the suspect.
Police are also asking the bank and other plastic money machine owners in the area to provide all details related to their customers in case of suspicious withdrawals. In case you have a friend or relative who is an employee of a bank in Mumbai or any other part of the country, you should ask him to give you the details of the account holder. If the bank account holder is involved in any kind of fraud, you can contact him and let him know about the whole story. In case of a bank card number, you can also contact the bank and give them all the required information.