Thursday, February 7, 2013

0 America's biggest ever Credit card scandal of Rs.1100 crores

It has become daily routine to hear about scandals in one area or the other. Now, the latest is Credit Card scandal in America which is of about INR 1100 crores.The accused have used several thousands of fake ID's to create business and financial organizations and turned thousands of crores to Pakistan and India.

This case is one of the biggest ever Credit Card Scandal that is noticed by American Government. FBI officials have undertaken 13 men into their custody. These people have bought Credit cards with fake ID's and spent in higher amounts and in turn took loans from various Financial Organizations on these credit and thus they are able to transfer all these amount to other countries like Pakistan, India, UAE, Canada, China etc., The accused  will be sentenced 30 years of Jail and Rs.5 crore fine if their guilty is found

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