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The bank's investigation revealed that the money credited to these accounts was immediately withdrawn through debit cards, and the addresses and account holders' photographs were fake.