A CASE has been registered after HSBC Bank was allegedly duped of ₹12.6 million (£116,939.18) through 38 credit cards that were issued without proper verification of documents, a police official said on Wednesday.
The alleged crime came to light on Monday after the foreign bank’s vice-president (financial crime investigation) approached the Azad Maidan police station in Mumbai with a complaint, the official said.
According to the FIR, the bank detected the fraud during an analysis of the usage of the credit cards issued by it and payments received against them within the usual 45-day window.
The bank officials also found that the credit cards in question were issued through an online platform and the customers exhausted the spending limit of some of the credit cards in the first month of issuance.
About 55 cards were obtained by submitting Aadhaar and PAN numbers that were created with the help of forged documents. Of these, 38 were used to withdraw ₹12.6 million, the FIR said, citing the complaint.
Internet Protocol (IP) addresses pointed out that the online applications for the credit cards were made in Assam but the customers were shown to be residents of cities like Mumbai, Bengaluru and Delhi, the complaint said.
Though there were insufficient addresses on the applications, the credit cards were delivered to the applicants, the bank told the police, adding that it blocked 17 of the 55 cards after discovering the fraud.
The case has been registered under the Indian Penal Code and Information Technology Act against unidentified persons and a probe is underway.
A Palestinian boy carrying a bag over his shoulder walks through a heavily damaged street in Khan Yunis in the southern Gaza Strip on July 31, 2026. Hamas said on July 31, 2026, it had agreed to a deal announced by the US president to end its war with Israel, which includes it handing over its weapons to a Palestinian governing committee and the gradual withdrawal of Israeli forces from Gaza. Getty Images
Protesters trample on photographs of Israeli Prime Minister Benjamin Netanyahu and U.S. President Donald Trump, along with Israeli and U.S. flags during a rally in Caracas on July 24, 2026, protesting the presence and influence of the United States and Israel in the country, one month after the June 24 earthquakes. Recovering from the earthquakes in Venezuela will take years, the Red Cross said on July 24, one month on from the June 24 disaster that killed more than 5,000 people. Getty Images
