City gets its 1st 'identity theft' case

When I first saw the article title I thought where in the world could this be? Actually since I work in the US and Canada, this was the continent I was thinking of. However, it still surprised me that this was the 1st case reported.

"The complainant, whose name was not disclosed by the cops, has alleged that an independent party had used his name and address as proof to open an account with one of the branches of a private bank in the city and transactions to the tune of around Rs 1 crore had taken place through it. " (Full Text at www.timesofindia.com)

A crore, according to Wikipeia and my math is right, is 10 million rupees which equals $246,736.49 U.S. If I messed up the calculation, someone let me know,

Personally, I'm surprised this isn't the first case investigated in India since we outsource so may telecommunications services there. I thought by now, we would have definitely had some reported Id Theft in the U.S. originating from India or Pakistan