Fake credit card mastermind has 4 passports

BANGALORE: This phisher not only had technology at his fingertips to make fake credit cards, he was also good at faking passports. During interrogation, he also promised some police officers that he would get them new credit cards, if they set him free.
On searching his house, Sampigehalli police found that Jaikumar alias Shyamvel alias Shyam, 39, a resident of Kengeri Main Road, had four passports in his name.Police had arrested Jaikumar and his associate Wasim Pasha, 25, on August 30 and recovered 600 fake credit cards and dummy cards from them. Jaikumar is a native of Tirunelveli.
"The main perpetrators are in Malaysia, from whom he got the know-how of embedding card details of existing credit card holders of Citibank, HSBC, Axis and many other banks. He would then plant the data on dummy credit cards, using a card reader. The entire data was downloaded from websites of credit card companies," police said.
The Malaysian involved in the racket used to sell credit card data and fake credit cards to Jaikumar for Rs 6,000, Jaikumar told police during interrogation. The Malaysian, who was born in Sri Lanka, was in India for some time and later migrated to Malaysia.
Police also claimed that he never personally ventured out to purchase jewellery, household items including provisions, washing machines, high-end TV sets, kitchenware, electronic gadgets, digital cameras, laptops among other things. "He would utilize the services of his aides who first checked the credit card by swiping at small business establishments and once they established that it worked, they went on a shopping spree. Jaikumar would give 30% commission to these youths for merchandise they purchased," police said.
Among their purchases, gold jewellery made up a big chunk of their purchases of around Rs 2 crore. "The figures will rise as the days go. We are still questioning him in police custody. In addition to goods worth Rs 2 crore we've recovered from him, we seized nearly half a kilo of gold jewellery he had kept in bank lockers," said a police officer.
"It could be a bigger racket, and turn tricky for credit card companies and banks which issue these cards. There may be more people involved in similar rackets, and many fake cards in circulation in the market. This is evident as Jaikumar had 600 cards, both of credit card holders and new applicants of credit cards with various banks. There were nearly 200 blank cards still being processed by him," said a police officer.