IIT-Kharagpur dropout tries to purchase POS machine in Bengaluru, nabbed

BENGALURU: A 34-year-old IIT-Kharagpur dropout was arrested by Banashankari police for allegedly trying to purchase a POS (point of sales) machine in the name of a restaurant located in Banashankari in a bid to illegally draw money through cards.
Police seized 110 debit cards, 110 credit cards, three laptops, six mobile phones, 14 fake seals, passbooks and cheque books of various bank accounts from the accused, Navaneeth Pandey, a resident of Banashankari 2nd Stage and from Uttar Pradesh.Police suspect that Pandey had plans to commit cybercrimes and siphon off huge amounts of money. Hence, he collected bank account numbers, debit and credit cards from various persons known to him. He intended to procure a POS machine in the name of others. However, police are yet to figure out what was Pandey's plan of operation and they are questioning him.
Pandey, while applying to a bank for POS machine, claimed he was the owner of Kidambis Kitchen Restaurant, near BDA Complex, Banashankari 2nd Stage. The fraud came to light on December 26, when a bank employee visited the restaurant for verification before issuing the POS machine.
Vivek KA, owner of the restaurant, was shocked when the bank representative approached him to complete the verification process. Vivek learnt that some miscreant was misusing the name of his establishment and approached police on December 28 and filed a complaint. Vivek told police that a person identifying himself as Papareddy visited his restaurant for verification. Papareddy told him that he wanted to discuss with Pandey about his application submitted for the POS machine. Vivek informed Papareddy that he is the owner and none named Navaneeth Pandey is in any way related to his restaurant. Papareddy showed Vivek the application submitted by Pandey.
Vivek took the details about the applicant and approached police seeking action. A case was registered against Pandey and a police team headed by inspector Girish Naik C swung into action and arrested the suspect from his flat in Banashankari on December 29. Cops questioned him about his intention of purchasing a POS in the name of a restaurant belonging to someone else. He confessed that he intended to commit cybercrimes.