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This story is from February 20, 2007
Credit card fraud busted
Vemula Madhu Babu alias Sai for obtained credit cards from various banks by submitting forged and fabricated documents.
The accused with a malafide intention used credit cards and cheated many banks, said police.
Police seized 31 credit and debit cards of various banks, 2 EDC machines of the IDBI bank and Centurion Bank, a PAN card and other documents from him.
The accused set up a business in Kacheguda and acquired two EDC machines from IDBI bank and Centurion bank. Thereafter, he reportedly took credit cards from various banks by submitting forged documents.
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