Friday, April 10, 2009

Credit card fraud busted, three arrested -

Sleuths of the Commissioner's Task Force, North Zone, today busted an international credit card fraud involving the clandestine leakage of client's confidential data with the arrest of three people.

Police said Rajender Laxman Swamy Bagal, a resident of Nasik in Maharashtra, Subramanyam Harish of Bangalore and Yerramshetty Nagaraj were arrested from a lodge on the Nampally Station Road.

Around 85 cloned credit cards of various banks (local and international), cash of Rs 16,000, skimmer (a device used for reading and writing credit card data), One Laptop, Gold Ornaments, several fabricated identity proofs, photographs, Nine Cell phones and One Zen Car was seized from their possession.

The gang's kingpin Balakrishnan, a native of Chennai, used to get the data of credit cards from Malayasia, Singapore, Sri Lanka and other south East Asian countries through his sources. He also used to acquire the 14-digit Bar code on the magnetic strip of the credit card and clones and transfer the stolen data into the blank credit cards.

Police were on the lookout for Balakrishna, who along with two others left for Chennai to get some more credit cards, a press release here said.

The accused have been handed over to Abid Road Police Station for necessary legal action.

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