Coimbatore Cyber Crime Police have arrested two persons, who were absconding for five years for allegedly running shell companies and swindling Rs.43.75 lakh of money using Chinese and ireland credit cards.
Coimbatore: Manoharan is a native of Rathinapuri in Coimbatore district and Devaraj is a native of Tatabad. The duo allegedly started shell companies a few years back.
They have also opened a separate bank account for these shell companies and purchased machines that swipe credit cards and ATM cards in the name of the companies concerned.
They were subsequently involved in money laundering using foreign credit cards. In particular, they obtained credit cards from China and Ireland and swindled money with the help of swipe machines to siphon off Rs 43,76,000 which was credited in the the bank accounts of their shell companies.
In 2017, the concerned credit card bank officials lodged a complaint with the Cyber Crime Police in Coimbatore. Based on the complaint, the police have registered a case and were investigating.
In a new development, Devaraj and Manoharan, who were absconding for five years, were arrested by the cyber crime police and produced before the court and remanded in custody.
The Cyber Crime Police have extended the scope of the investigation to trace out any other person in the racket.
They have also opened a separate bank account for these shell companies and purchased machines that swipe credit cards and ATM cards in the name of the companies concerned.
They were subsequently involved in money laundering using foreign credit cards. In particular, they obtained credit cards from China and Ireland and swindled money with the help of swipe machines to siphon off Rs 43,76,000 which was credited in the the bank accounts of their shell companies.
In 2017, the concerned credit card bank officials lodged a complaint with the Cyber Crime Police in Coimbatore. Based on the complaint, the police have registered a case and were investigating.
In a new development, Devaraj and Manoharan, who were absconding for five years, were arrested by the cyber crime police and produced before the court and remanded in custody.
The Cyber Crime Police have extended the scope of the investigation to trace out any other person in the racket.