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500 crores Bank fraud mastermind arrested in Chennai!

Wednesday, February 20, 2019 • Tamil Comments

There had been numerous complaints from many people over the past one year regarding bank accounts being misused and money being withdrawn, and following investigations, on February 7, Chennai crime branch police had arrested 7 people in connection to the case, and seized numerous cellphones, fake ATM cards, and more than 25 lakhs in cash.

On Tuesday, the mastermind behind this gang, Vyasarpadi Johnson was arrested, and on enquiring him, he had revealed the modes by which they had cheated public and looted money. Masquerading as a BPO office setup, this gang had circulated job vacancy notices for telecallers, they employed 300 people and they were trained on what to speak to the people.

The people were trained to talk to public on how to make public opt to take loans, and get their personal details, account numbers, sending documents via Whatsapp, including PAN card, Aadhar card, and ATM Card details. Once the ATM card copy is obtained, with the CVV number the gang made fake cards, and used the same to withdraw huge cash,and it has been estimated that the gang has cheated more than 500 people and was involved in a scam worth more than 500 crores.

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