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Police yesterday arrested a male Chinese suspected to be involved in several cases of credit card fraud.
Between February and May 2003, Commercial Affairs Department (CAD) received several reports involving the use of fraudulent credit cards to purchase goods at several shopping centres in Singapore.
CAD worked closely with the banks to probe leads into the fraud. A breakthrough came when one of the banks alerted police to the suspect after he used a counterfeit card to make a fraudulent credit card transaction at a shopping centre in Woodlands. Following his arrest, CAD officers raided several locations and recovered various goods that were believed to have been purchased with the use of counterfeit credit cards. This included an assortment of electronic goods, health equipment and branded watches and other items valued at about $20,000. 19 suspected counterfeit credit cards were also recovered.
The 33 years old male Chinese is an ex-renovation contractor. He is believed to be involved in several other cases of credit card fraud. Investigations are still ongoing and further arrests are expected.
The accused will be charged in court at 9.00 am on 21 Jun 2003 for an offence of Cheating under Section 420 of the Penal Code and for possession of forged valuable securities under Section 474 read with 467 of Penal Code.
Police take a serious view of such offences. If convicted, the accused may face life imprisonment or imprisonment for a term of up to 7 years. The punishment for cheating is imprisonment for a term of up to seven years and a fine.
Police would like to take this opportunity to remind merchants to be alert when processing credit card transactions. They should look out for the various security features on the card face. If they are suspicious, they should contact their processing bank immediately for advice.
For photo opportunities, the media may contact DSP Mak Kum Kay, Head Financial Fraud Branch, CAD at Tel No. 6557 3750.
Public Affairs Department
Singapore Police Force
20 June 2003 |
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| Last updated on 17 May 2007 |
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