The police here on Wednesday arrested four members of an inter-State gang involved in credit and debit card fraud involving Rs. 1.55 crore.
Announcing their arrest, head inspector of Bangalore said that the members of the gang were arrested in connection with the case of purchase of gold ornaments worth Rs. 1.85 lakh from a jewellery shop here using a fake credit card a few days ago.
The arrested included Himanshu Verma and Rohan Chopra both are from Punjab, Ajay Singh and Amandeep Gera are from Bangalore. There are two other also involved in the gang who are still at large, the head policeman said, adding that the Interpol would be informed of them.
The police said that we also seized from them equipment used for producing fake credit cards. The investigation revealed that the fraudsters had purchased ornaments and other items worth Rs. 1.55 crore using the fake cards in jewellery and textile shops in Ludhiana, Delhi, Mumbai, and here at Bangalore also. The arrested are one of the seven suspected groups of credit and debit card fraudsters in the country, he said.
The head police said the gang had been using imported blank credit cards from China and embossed 14-digit numbers. They collected data belonging to various credit and debit cardholders from ATM booths and by hacking computers. They also sourced secret data from third parties. They cloned the data on to the magnetic strip of the credit and debit cards using special software, he said. The credit and debit cards of foreign banks in the United Kingdom, United States, Australia, Europe and other countries were used by the gang, head policeman added. He even stated that the police is doing further investigation also to capture the fraudsters involved in similar credit and debit card frauds.
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