International fake credit card syndicate busted in Malaysia

Malaysian police have uncovered an alleged credit card manufacturing syndicate involving locals and foreigners, arresting 25 suspects in the process.

The Malaysian police have busted an international syndicate dealing in fake ATM and credit cards, resulting in the arrests of 25 people.


A Bernama report Monday said the syndicate was discovered when police from Malaysia, Canada and the Interpol exchanged information about a series of fraudulent withdrawals at foreign banks in Malaysia using foreign ATM and credit cards since August 2012.

According to Bukit Aman commercial crimes director, Syed Ismail Syed Azizan, who was speaking at a media briefing, syndicate members were between 23 and 54 years old and included 11 Sri Lankans, nine Canadians, an Indian, and four Malaysians. The leader of the syndicate is still on the run and believed to be in Malaysia.

During the raids, police found 533 fake ATM and credit cards along with cash in various currencies including 74,703 ringgit (US$23,925.20), US$4,182 and 4,182 Canadian dollars (US$4,084.10). The police also seized jewellery, four laptops, and two magnetic stripe card reader and writer machine.

Syed Ismail explained that the syndicated was believed to be led by a Canadian citizen whose country of origin was Sri Lanka. From Canada, the syndicate would send falsified ATM and credit cards to Malaysia by courier service.

The syndicate supervisor in Malaysia would give out 60 cards to each group, comprising three members, which would withdraw money from identified ATM machines of foreign banks. After the withdrawals, the groups give the cash to the supervisor who would pay them 10 percent of the collection.