Indian ATM machine fraud gang would fail with such attempts in UK, says expert
New Delhi, July 3 (ANI): Indian fraudsters, who have been arrested in Kerala for stealing money by tricking ATM machines, would not be able to make such attempts in the UK.
Graham Mott, a spokesman for Link, the UK's cash machine network, said: "Theoretically it was possible, but it will be spotted and investigated".
"The bank will investigate it as they would any first-party fraud. It's a criminal offence, we identify repeat cards doing this kind of claim," he added.
The Indian gang would request to withdraw large amounts of cash, but only take a portion of the amount, making the machine think none was taken.hey would then make a claim for the money to be put back into their account by their bank.
According to The BBC, they are said to have stolen about 10 million rupees using this method, just under 150,000 pounds.
The gang would travel to various towns to avoid being detected.
However, the Federal Bank of India eventually detected considerable losses and asked police to investigate.
Five men were arrested as a result, although local media said there were still two major gangs operating.
Mott said similar scams had been attempted in the UK, often spurred on by groups of friends believing they were sharing a 'secret' technique.
"You tend to get people trying to give it a go. As with other forms of fraud, it tends to be a bit cyclical," he said. (ANI)
Read More: World Bank | Kerala | Bank Street | Link Road | Bank Bazar | Bank Road | Kerala-j | Sanwer Link Road Indore | Dewas Bank Note Press | State Bank Of Hyderabad | State Bank Of India | State Bank Of Mysore Colony | State Bank Colony | Vennar Bank So | Kerala Estate | Reserve Bank Building | Mott Lane | Reserve Bank Nm Ltd. | Graham Bazar | Bank Harpur So
HARBHAJAN THANKS ITBP FOR SAVING HIS LIFE
June 18, 2013 at 7:51 PM
DELHI CM LAUDS UPGRADATION OF CONSUMER REDRESSAL FORUM
June 18, 2013 at 7:26 PM
4th Generation Intel Core Processors
June 18, 2013 at 7:19 PM