Credit card fraud started applying for PAN cards using fake documents

Peddiram Shivakumar, the kingpin of one of the four gangs arrested in the credit card fraud case two days ago, had initially approached another accused Prasad for a PAN card but did not possess the required documents. After seeing how Prasad had arranged the documents, he took a cue and started applying for PAN cards using fake documents.

Later, he also obtained credit cards in a similar manner.  Using the same credit cards, Sivaram, another accused and an MBA graduate purchased 65 home appliances from various electronic stores in the city through and evaded payments.   

M. Moshe,  deputy paramedical officer (gazetted rank) working in the medical and health department in AP, was once Shivaram’s client and helped Shivakumar to attest documents with gazetted signatures for PAN cards. For each attestation, Moshe collected an amount ranging between Rs 30 to Rs 500.  Police has filed a custody petition for a detailed inquiry. Cops also suspect Shivakumar had cheated other private financing firms and siphoned money.