Wednesday, October 19, 2011

‘Printing shop’ busted over fraudulent activities

The workshop could produce fake credit cards of any design from scratch. — NST pictures by     Hariz Mohd
The workshop could produce fake credit cards of any design from scratch. — NST pictures by Hariz Mohd

KUALA LUMPUR: It looked and operated like a legitimate printing company from a shoplot in Bandar Puteri, Port Klang.

They were printing cards but not the ordinary kind. Instead, the company was producing fake blank credit cards.
Investigations revealed that the syndicate printed an average of 50,000 cards a month and had raked in a whopping RM3.75mil from the production and sale of the fake cards that were sold to international syndicates distributing such cards complete with card holder details.
Police from the Federal Commer­cial Crimes Investigations De­­partment (CCID) busted the local syndicate after arresting two men aged 21 and 44 and seizing more than 3,000 fake credit cards, a variety of machinery including a microchip cutter and embossing and engraving machines from the shop­lot which was the only one open for business in the area.
CCID deputy director (I) Deputy Comm Datuk Tajudin Md Isa said police were alerted by a public tip-off some time in May.
“A task force led by Deputy Supt Teh Eng Hin was set up to investigate and gather intelligence about the syndicate’s operations before the shoplot was raided at about 6.30pm on Monday,” he told a press conference at the federal CCID headquarters in Bukit Perdana yesterday.
DCP Tajudin said the syndicate was believed to have produced more than 250,000 fake credit cards and had raked in about RM3.75mil.
He said the syndicate was operating under the cover of a legitimate business specialising in printing club membership, institute of higher education and employee cards.
“Based on our investigations, we believe that the syndicate was supplying the fake cards to international syndicates including in China, Hong Kong and Britain.
“They were selling the blank cards for RM15 each and would courier the finished products to other syndicates which would then insert details of credit card holders,” he said.
DCP Tajudin said this was the biggest seizure of fake credit cards this year and could possibly put a major dent in the operations of syndicates that were receiving the supply.
He said police were working closely together with Interpol and Aseanapol as well as with the affected banks to identify the international syndicates. - theStarOnline

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