Saturday, September 18, 2010

India News: Credit card gang network across India busted

They might have gotten the idea from Prithviraj's Robinhood! :

The Chennai police have busted a racket that skimmed credit and debit cards and arrested 13 persons. The bunk employee who was among the first in the chain of arrests used a hand-held device to copy the details embedded in the magnetic strip of cards and pass it on to others in his gang to manufacture fake cards. The gang roped in employees of petrol stations and hotel waiters in their network skim the credit cards details of their customers. The network is huge and it is spread across the states and had made purchases up to Rs. 5 crore using fake cards. The cash is bundled to the boss, who shared the bounty among his agents.

Manoj Kumar the gang’s head, Premal, Sabareesh alias Sabari Rajan, Justin alias Sudhanandan and Udhayakumar were arrested. They were nabbed by the Central Crime Branch (CCB) sleuths. Along with them, a card reader and writer machine, skimmer machine, embossing machine, automatic embossing machine, encoder machine, dipping machine, 407 fake credit cards, 868 blank credit cards, computer, mobiles, laptops and a Honda Civic car were seized.

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