India, April 18 -- In a meticulously planned operation, the Mumbai Crime Branch has arrested five men from a remote village in Assam's Morigaon district for allegedly orchestrating a high-stakes credit card scam that defrauded global banking giant HSBC to the tune of Rs.1.27 crore.

According to investigators, the accused - all in their 20s and 30s - exploited digital loopholes and identity fraud to procure 55 HSBC credit cards using forged documents. The cards were used for lavish shopping sprees and discreet fund transfers into a web of fake bank accounts.

The accused have been identified as Mohebur Abdul Rahman, 28, Sadiqul Islam, 27, Ilyas Rafiqul Islam, 25, Abu Bakr Siddique Ramzan Ali, 37, and Mohimuddin Ahmed Abdul Malik, 26, all ...