A 100-strong international gang of credit card fraudsters, who hacked into bank accounts across the globe through the internet from Malaysia and used the details thus obtained to swipe fake credit and debit cards in India, has been busted by the Bangalore police.
The gang is believed to have links with LTTE, which allegedly received some cash payments from the operatives, the DNA reported yesterday.
Two people have been arrested by Sampigehalli police and property worth over Rs2 crore recovered from the duo. The remaining gang members, including the kingpin who resides in Malaysia and six local operatives, are yet to be arrested.
The arrested have been identified as Jaikumar alias Shyamvel alias Shyam, 39, a resident of Kengeri Main Road, off Mysore Road and Vaseem Pasha, 25, a resident of JJ Nagar, Mysore Road. Jai Kumar was in the fake credit card business for over two years now.
“Kumar has admitted to paying some cash to LTTE cadre who used to come to city and collect the amount from him,” the police said. They are also verifying if any payments had been made to the LTTE through bank accounts.
The Malaysian mastermind had equipped his Indian counterparts with blank credit and debit cards. The gang members in India were also equipped with credit card printing and punching machines. They used the machines to print the unique identity details on the blank credit and debit cards in their possession and swipe them for their purchases.