NEWS & ADVICE : CREDIT CARDS
Police chase agents of credit card racket kingpin
By Ankit Sharma
Dec 29, 2009
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Given the arrest of Vijaykanth, a SriLankan National running a fake credit card racket, the police now have information about a key associate and 20 sub-agents working for Vijaykanth.

He had been running this racket for the past seven months. Police recovered 22 fake credit cards, a pen drive that contained 500 data of foreign credit cards, two swiping machines used by merchants, one laptop and an encoding machine, which can skim, read and write datas on the magnetic strip of the credit cards from his place.

Interrogations revealed that he had bought credit cards from another person for Rs 5,000 per card and collected over Rs. 50 lakh using these cards.

Vijaykanth got the details about foreign credit cards after paying his contacts in Canada and other countries. He produced many fake credit cards using an encoding machine. Valuables worth over Rs 50 lakh were purchased using the cards, police said.

"We are verifying whether Sasi, who introduced Vijaykanth to the trade, was involved in similar rackets before being murdered in Ceylon. No case is pending against Sasi," a senior police officer said.

 


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