Menu
28/06/2006
Employee arrested over HSBC fraud
Police investigating a financial scam at an Indian call centre operated by HSBC have arrested an employee.
Nadeem Kashmiri, a data operator, has been charged with hacking into the bank's computer system, which allegedly led to money being taken from customer accounts.
The amount of money involved is believed to amount to £233,000. HSBC said that the money had been taken from a "small number" of accounts in the UK.
The fraud was detected by internal systems at the call centre, which had been operating since 2002.
HSBC said that it would assist the Indian police with their investigation. A spokesperson for HSBC said: "We intend to pursue a conviction as aggressively as possible."
The spokesperson also said that all customers affected by the fraud had been contacted and would be reimbursed by HSBC.
Nasscom, the trade body for the Indian IT and services sector, also said that it would work with legal authorities in the UK and India to ensure that any breaches in security were prosecuted quickly.
Nasscom Vice President Sunil Mehta said: "We believe that any case of theft or breach of a customer's confidentiality must be treated extremely seriously."
(KMcA/SP)
Nadeem Kashmiri, a data operator, has been charged with hacking into the bank's computer system, which allegedly led to money being taken from customer accounts.
The amount of money involved is believed to amount to £233,000. HSBC said that the money had been taken from a "small number" of accounts in the UK.
The fraud was detected by internal systems at the call centre, which had been operating since 2002.
HSBC said that it would assist the Indian police with their investigation. A spokesperson for HSBC said: "We intend to pursue a conviction as aggressively as possible."
The spokesperson also said that all customers affected by the fraud had been contacted and would be reimbursed by HSBC.
Nasscom, the trade body for the Indian IT and services sector, also said that it would work with legal authorities in the UK and India to ensure that any breaches in security were prosecuted quickly.
Nasscom Vice President Sunil Mehta said: "We believe that any case of theft or breach of a customer's confidentiality must be treated extremely seriously."
(KMcA/SP)
Related UK National News Stories
Click here for the latest headlines.
26 February 2013
Warning Issued Over 'Money Mule' Job Offers
Hundreds of thousands of people are in danger of being duped into laundering money for fraudsters, experts have warned. Recruited as unwitting "money mules", people could be allowing their own bank accounts to be used to disguise the proceeds of crime.
Warning Issued Over 'Money Mule' Job Offers
Hundreds of thousands of people are in danger of being duped into laundering money for fraudsters, experts have warned. Recruited as unwitting "money mules", people could be allowing their own bank accounts to be used to disguise the proceeds of crime.
16 January 2008
Indian Transport Projects Ripe For Investment
A new report, which for the first time spells out full details of every single major Indian transport project in which British companies can invest, has been launched by Trade and Investment Minister, Lord Digby Jones.
Indian Transport Projects Ripe For Investment
A new report, which for the first time spells out full details of every single major Indian transport project in which British companies can invest, has been launched by Trade and Investment Minister, Lord Digby Jones.
02 August 2010
Osborne Demands Banks 'Up Lending'
The Chancellor George Osborne has added to calls for banks to lend more to businesses in order to sustain the economic recovery. The weekend move by the senior Cabinet member came just hours before a leading bank, HSBC reported pre-tax profits of $11.
Osborne Demands Banks 'Up Lending'
The Chancellor George Osborne has added to calls for banks to lend more to businesses in order to sustain the economic recovery. The weekend move by the senior Cabinet member came just hours before a leading bank, HSBC reported pre-tax profits of $11.
11 December 2012
HSBC Charged $1.9bn In Money Laundering Penalties
UK based bank HSBC has agreed to pay the largest recorded settlement to US authorities over money laundering. They have been ordered to hand over $1.9bn (£1.2bn) after a US Senate investigation revealed the bank had been a conduit for "drug kingpins and rogue nations".
HSBC Charged $1.9bn In Money Laundering Penalties
UK based bank HSBC has agreed to pay the largest recorded settlement to US authorities over money laundering. They have been ordered to hand over $1.9bn (£1.2bn) after a US Senate investigation revealed the bank had been a conduit for "drug kingpins and rogue nations".
09 November 2012
HSBC Launches Jersey Money Laundering Probe
HSBC has issued a statement after the Daily Telegraph newspaper said it was at the centre of a major investigation by HM Revenue and Customs (HMRC). The bank says it is exploring allegations that criminals have used offshore accounts at its Jersey operation for money laundering.
HSBC Launches Jersey Money Laundering Probe
HSBC has issued a statement after the Daily Telegraph newspaper said it was at the centre of a major investigation by HM Revenue and Customs (HMRC). The bank says it is exploring allegations that criminals have used offshore accounts at its Jersey operation for money laundering.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
