Three Indian Collectors Arrested in Credit Card Fraud Case

A manager and two collectors at separate collection agencies in India were arrested Friday for the theft and illegal use of a former government official’s credit card in a scam the three appeared to have pulled many times before.

Nishant Goyal, Dev Aggarwal and Ashish Katyan were arrested Friday on suspicion of fraud. Goyal is a manager at i-Process, an outsourcing company that counts ICICI Bank as a major client. Aggarwal and Katyan were both employed at an undisclosed collection agency.

Police said that the three were caught when a former government official complained that his surrendered state credit card had been used without his knowledge. He said that he surrendered his card to a man claiming to be from ICICI Bank, the card’s issuing bank.

But police said it was Katyan posing as an ICICI Bank employee. The three men then used the card at nearby shops.

Goyal apparently used his position to gain access to names of bank customers who were having card problems. He was a manager in the i-Process division that handles credit cards. He would then send Katyan to the customer to pick up the card. But rather than canceling the card, the three would use it for personal purchases.

When they were arrested, police said they found at least five stolen credit cards and five stolen debit cards in their possession.