ATM fraud racket busted

The arrest of four persons led
the sleuths of Kolkata Police to bust a racket involved in ATM fraud in the city, a senior officer today said.
The prime accused in the case Rakesh Sharma was arrested form a posh hotel in the metropolis late last night, Joint CP (Crime) Pallab Kanti Ghosh said.
The fraud came into light in May last after a private bank lodged a complaint of fraudulent withdrawal of Rs 38 lakh with the police.
"After starting investigation we came to know how the group operated, which led to the arrest of four persons including Rakesh," said Ghosh.

Several mobile phones, a laptop, a few false ATM cards, magnetic strips and ATM card swiping machines were recovered from the accused.
Sharma used to obtain details of bank accounts of foreign nationals from his contacts in other countries and then used them to swipe ATM cards in card swiping machines which he had obtained from his agents in the city, police officers said adding, later on he used to submit those swiping machine slips to banks linked with those machines and take away the money.