Bulgarian arrested for ATM card fraud in Nepal

Police have arrested a Bulgarian citizen Petroslav Ristov for withdrawing more than ten million rupees by hacking the pin numbers of ATM cards of various banks. Central Investigation Bureau CIB of Nepal Police arrested Ristov with around 12 million rupees from Temple Tigers Apartment in Thamel. Police informed that he was involved in hacking the pin codes of master cards and visa cards of many people and withdrawing money illegally. Police confiscated a total of 40 thousand American Dollars, 57 thousand Euro and 1.8 million Nepali rupees from Ristov along with 179 sets of master cards, magnetic strip card reader and writer, a mobile phone and a laptop. Police informed that Ristov exchanged the money withdrawn from the banks by stealing the pin codes and necessary data with American Dollars and Euro in money exchange centres near to those banks. CIB has suggested the users of ATM cards to regularly change their pin codes due to the lack of strong security measures towards the same in the country. Police have suggested the users to pay special attention while using the ATM cards at shopping centers. Meanwhile, police have arrested two people involved in fraud related to exchanging American dollars. The arrested have been identified as Tsering Dorje Lama of Sindhupalchowk and Sukman Gurung of Gulmi. Police informed that the arrested people used to swindle people by faking bundles of papers as American Dollars.

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