Thursday, July 09, 2009

LAHORE: The FIA busted a gang involved in making fraudulent financial transactions from different banks through counterfeited debit cards/ATM cards after installing their own hidden cameras in different ATM machines in the provincial capital.

The scam was the first of its kind in Pakistan, said Lahore FIA Director Azam Joiya adding the FIA traced the gang and arrested ring leader Khawaja Muhammad Usman Ghani Lone, son of Khawaja Muhamamd Tariq, Manager Operation of Bank Al-Habib Branch, Gulberg, Lahore.

He said that during June 2009, a number of bank representatives complained that a gang of culprits had broken their complicated security system and succeeded in withdrawing/transferring heavy amounts from the accounts of different account holders through fake/forged debit cards/ATM cards. The complaints were lodged by ABL, HBL, UBL, NIB, etc.

He said this new kind of financial fraud had jolted the banks/financial institutions and they were in confusion and panic. Azam Joiya said it was found that white plastic cards with magnetic strip were easily available in the markets. In order to make illegal transaction, he said, PAN/PIN code was required and the machine that could transfer the PAN over the magnetic strip.

He said this data transferring machine was also available in the market. The criminals could retrieve the PAN with the connivance of bank officer dealing with ATM. However, PIN can either be retrieved from the cardholder or through his surveillance during operation of the ATM transaction.

The matter was entrusted to Inspector Muhammad Sarwar. He conducted verification and recorded the statement of the complainants. The complainants provided the copies of all the incriminating record related to these transactions. During interview, it came on record that all the aggrieved persons had charged their cards at the ATM machine installed in front of the Bank Al-Habib, Gulberg Branch, Lahore. It was further noticed that a video camera was installed inside the ATM booth by the Bank Al-Habib to monitor the activities of customers. The video recording of this camera was obtained from the bank and was watched by a team comprising bank officers of Bank Al-Habib, their IT specialist and FIA officers. It was a long process.

During investigation, camera recording of the Bank Al-Habib for the period of March, April and May 2009 was scrutinised minutely. It was found that the accused persons obtained PAN from Khawaja Muhammad Usman Ghani Lone, s/o Khawaja Muhamamd Tariq, Manager Operation of Bank Al-Habib, Gulberg Branch, Lahore.

In order to obtain PIN they, in connivance with Khawaja Usman, mounted a small wireless camera inside the ATM booth and skimmed the data from there. With the help of this data, they were able to carry out a number of illegal/ fraudulent transactions from the accounts of a number of cardholders

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