Indian call centre worker arrested on UK fraud charges

24-08-2006

An HSBC employee working in a Bangalore call centre has been arrested by Indian police on fraud charges affecting Britons.

Late last night Nadeem Hamid Kashmiri, a 24-year-old from Pillanna Garden in Bangalore, had his home raided by police who took him into custody.

He is being charged with leaking confidential financial data to a group of outside criminals who used the information to defraud at least 20 people in the UK.

In total £233,000 was stolen during the scam, which took place between March and May this year.

Kashmiri's case has called into question the security of offshore data processing centres like the one set up by HSBC in Bangalore.

Reports speculate that the accused man used forged documents to secure the job with HSBC when he was recruited in December last year, enabling him to illegally gain access to sensitive financial information.

"Affected customers have been contacted and, as is customary practice by HSBC, genuine victims of fraud will not suffer financial loss,' George Cherian, an HSBC spokesman in India, told the Bloomberg news agency.

"HSBC takes its data protection responsibilities very seriously.'

Today's news comes just one month after the National Association of Software and Service Companies (Nasscom), India's industry body, launched a new regulatory subsidiary designed to monitor security issues.


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