Overview

• Mumbai Police arrested five individuals from Morigaon, Assam, for defrauding HSBC Bank of ₹1.27 crore using forged identity documents.
• The suspects obtained 55 credit cards between February and June 2024 by targeting individuals with high CIBIL scores and fabricating PAN and Aadhaar cards.
• Preliminary investigations revealed the accused also secured fraudulent loans from financial institutions including Aditya Birla Finance, Axis Bank, and L&T Finance.
• Authorities believe the group is part of a larger fraud syndicate spanning 15–20 villages, with over 200 similar arrests in recent months.
• The accused, granted a week’s transit remand, are being brought to Mumbai for further interrogation as police trace additional co-conspirators and illicit funds.