Dheeraj Kumar was arrested yesterday by Special Cell on a complaint by HDFC bank and remanded in police custody till November 27 by Chief Metropolitan Magistrate Vidya Parkash.
According to the complaint, Kumar had got issued EDC machines, also called terminals, by impersonating as Rohit Kumar, the proprietor of Ultimate Jewellers and Altimate Jewellers, and had given fake addresses.
The bank in its complaint also said Dheeraj had used the EDC machines for fraudulent transactions to facilitate payment of credit and debit cards.
Police told the court that during interrogation, Dheeraj disclosed the involvement of persons named Pankaj, Yogesh Mahajan, Mohd Yaseen and Rahul and also said that Pankaj and Yogesh are running a similar racket in Lucknow, Mathura and Varanasi.
Police said it required Dheeraj's custody for detailed interrogation to unearth the entire racket and to also locate other accused involved in the racket.
