5-strong cyber gang arrested

Karachi: The Federal Investigation Agency (FIA) has foiled a five-member cyber gang accused of defrauding people of millions of rupees via credit cards, a senior officer said on Tuesday.

The FIA Commercial Banking Circle arrested the gang that had been operating for one- and-a-half years and funnelled more than 18 million rupees (Dh0.65 million) through the credit cards.

Shahid Hayat, director FIA, told a press conference the accused bought credit card data from all over the world and then made their own credit cards.

The FIA tracked down the gang when they bought four carpets from a showroom in Karachi, worth 5.7 million rupees in total.

Hayat said that Naveed Yaseen was the kingpin of the cyber gang whereas Feroz, Taimoor Shahzad and Farhan were his accomplices. All members of the gangs were hardware and software experts.

Navee and Shahzad had been arrested earlier in the other fraud cases.

The FIA team recovered the credit card-making machines, computers, two rifles and a pistol from the accused.