MBA student at the University of Hyderabad. dupes banks of 6cr

A business executive who allegedly duped five banks of at least Rs 6 crore using knowledge he had gained while working for their credit divisions was arrested in Bangalore on Wednesday.


Police said 26-year-old Morris D’Souza used fake documents and address proofs to obtain cards, which he used lavishly and then relocated to a new residence after paying two installments

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Four men who allegedly helped D’Souza in committing the fraud were also arrested. The police recovered 90 credit cards, four vehicles, cellphones, SIM cards, cash and gold ornaments from D'souza and say the total amount he has swindled will be estimated once the banks state their losses.



Courtesy:ibnlive.com

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