Biggest credit card syndicate in Malaysia foiled
Police also confiscated more than RM163,000 cash, 2,371 fake credit cards and three machines that used to make the items.
The Royal Malaysian Police Commercial Crimes Investigation Department (CCID) has crippled the biggest fake credit card syndicate of the year following five months of investigations.
Chief of CCID’s anti-money laundering department, Senior Assistant Commissioner Khalil Azlan Chik said the success of the operation was based on the results of several raids in the Klang Valley and Ipoh, between last weekend and Monday.
Police also seized over RM163,000, 2,371 fake credit cards and three machines believed used to manufacture the bogus credit cards.
Khalil added, based on police investigations, the syndicate used the fake credit cards to purchase valuables abroad before selling them in this country, at lower price tags.
“Branded goods such as Hermes, Louis Vuitton and Prada were purchased by the credit card mules and when the latter returned to Malaysia, the goods would be handed over to the mastermind for his commission,” he said at a press conference, here, today.
Biggest credit card syndicate in Malaysia foiled
He said, 19 locals and a Nigerian man were arrested in the operations.They are being investigated under Section 420 of Penal Code for fraud and Section 472 of Penal Code for possessing equipment for forgery.
If found convicted, they face 20-year imprisonment and fines.
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