The Hindu : Front Page : Credit card racket busted

Online edition of India's National Newspaper
Monday, May 15, 2006

Front Page

Front Page

Credit card racket busted

Kannal Achuthan

One person held, many middlemen and agents could be involved

SEIZED: Passports and fake credit cards recovered from a city resident.

Chennai: The Chennai Cyber Crime Cell has busted a credit card forgery racket run by an international network in the city.

On Friday night, a police team arrested on charges of forgery 38-year-old Gunasekaran at an automated teller machine (ATM) of the HDFC bank on Santhome High Road. Investigation revealed that he possessed 40 forged credit cards.

Had the crime gone undetected Rs. 4 crore could have been illegally drawn.

The police said Gunasekaran acted on directions from a U.K.-based gang. There could be several middlemen and agents in this network, the police said.

S. Balu, Assistant Commissioner of Police, Cyber Crime Cell, said the arrest was made following a complaint by HDFC Area Manager P. Ramasamy that large amounts of cash had been drawn using forged international credit cards at ATMs in the last 30 days.

The police confiscated 31 passports, 40 forged credit cards, Rs. 77,900 in cash and four cell phones from Gunasekaran, who said he was a refugee from Myanmar and a Saligramam resident.

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