Kota Kinabalu: Police have crippled an ATM card-buying syndicate following the arrest of two suspects on March 6, this year.
The syndicate allegedly bought the ATM cards for prices ranging from RM500 to RM1,000 each to facilitate fraudulent activities.
City Police Chief ACP Kasim Muda said three raids were conducted in the district, leading to the seizure of 125 ATM cards from various financial institutions.
“The latest arrests were made during an operation on March 6 at 7.30pm, where two suspects who allegedly purchased ATM cards from their owners were detained.
The suspects offered between RM500 and RM1,000 for each card,” he said, Tuesday.
Police also seized 10 ATM cards believed to belong to other individuals.
“The two suspects have been remanded for further investigation under Section 420 of the Penal Code and Section 120B of the same act,” he added.
Kasim urged the public not to sell or hand over their ATM cards to any individual or third party.
“These cards can be misused for fraud without the owners’ knowledge. The police also want to remind the public that if their ATM card is used for fraudulent activities, the cardholder can face legal action.
“They may be charged under Section 424B of the Penal Code, which carries a fine of no less than RM10,000 and up to RM100,000, or imprisonment of not less than one year and up to seven years, or both.”
