Police smash credit card fraud gang

By Chen Qian | October 13, 2009, Tuesday |

Online Edition

TWO Malaysian men suspected of belonging to an international credit card fraud ring have been arrested for stealing 420,000 yuan (US$61,765) from the bank accounts of seven local residents.

The duo, identified as Zhang Huahui and Zhu Yaotai, allegedly joined the fraud gang in 2005, Shanghai Morning Post reported today.

The gang sent them to China with accomplices in March to steal bank card information, make fake cards and steal money from bank accounts.

They installed card decoders and cameras at ATM machines to steal card numbers and PIN codes, the report said.

Police began investigating after receiving complaints by some residents and finally caught the duo in Guangzhou and Shenzhen, Guangdong Province, in June. More than 900,000 yuan in cash money and 3,000 fake bank cards were seized.

Police are hunting more suspects. Prosecutors from Shanghai No. 2 Prosecutors' Office said the group was well organized and led by overseas residents.

Metro

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Police smash credit card fraud gang

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