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Man posing as HR head of multinational company dupes HSBC bank of ₹2 crore

  • An alleged fraudster posing as the HR head of a multi-national company duped HSBC Bank of over ₹2 crore by opening 38 salary accounts, obtaining 28 credit cards, and taking two loans.
  • The accused presented fake employees as account holders, and money was credited as salaries into these accounts every month. However, no repayments were made for the credit cards or loans.
  • The bank's investigation revealed that the money credited to these accounts was immediately withdrawn through debit cards, and the addresses and account holders' photographs were fake.

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