Cyberabad police has seized 196 Pan Cards, 199 Voter cards, 20 SBI Credit Cards, 69 HDFC Credit Cards, 52 City Union Bank kits, 23 American Express bank credit Cards, 3 Indusind Bank Credit cards, 100 fake ITR-4 Forms, 57 Cell phones, 37 land phones, one Laptop and printer,2 POS Machine, 155 SIM Cards and 235 Photos from Jagan Mohan Reddy , who cheated around 64 lakhs with fake proofs.
Jagan Mohan Reddy, native of Warangal resideng in Uppal , Hyderabad came to city 10 years ago , He is just 10 pass , started working for ICICI Bank as filed verification officer. He gained knowledge in the field of issuing credit cards , made a team of 13 members and started cheating the banks.
For credit card, PAN card, Voter ID and Income Tax Returns is compulsory . He maintained contacts with Blue Dart courier boys and paid them 2500 for delivering CC to his house. He created fake names with photos of unknown persons taken from local photo studio and social networking sites , took birth certificates managing government officials and also created fake ITR-4 forms to get PAN Cards . He then applied for Credit Cards in various banks and rest followed.