Indian Authoritities Unearth International Check Fraud Schem
- 14 years ago
Indian authorities have uncovered an international gang involved in printing and circulation of duplicate checks of US based banks in New Delhi.
The Central Bureau of Investigation, or C.B.I., says the seized counterfeit checks are worth around 12 and a half million dollars.
[Harsh Behal, C.B.I. Spokesman]:
"The gang involves members in U.S.A. and an Indian national based in New Delhi, who developed this computerized printing unit for printing of such counterfeit checks by using the base paper coming from abroad and printing text received through e-mail from their accomplices abroad."
The C.B.I. says after printing the counterfeit checks in the names of various U.S.-based banks, they were forwarded to various U.S. addresses.
[Harsh Behal, C.B.I. Spokesman]:
"During the raid conducted by CBI (Central Bureau of Investigation), counterfeit checks having face value of U.S. dollars three lakh equivalent to rupees...have been seized. Besides, large number of base paper sheets to be used for printing such counterfeit checks have also been seized. These paper sheets could have been used for printing checks worth around 81 million US dollars."
The C.B.I. continues to investigate any accomplices to the scheme in other countries, their methods and how they set up the money transfers.
The Central Bureau of Investigation, or C.B.I., says the seized counterfeit checks are worth around 12 and a half million dollars.
[Harsh Behal, C.B.I. Spokesman]:
"The gang involves members in U.S.A. and an Indian national based in New Delhi, who developed this computerized printing unit for printing of such counterfeit checks by using the base paper coming from abroad and printing text received through e-mail from their accomplices abroad."
The C.B.I. says after printing the counterfeit checks in the names of various U.S.-based banks, they were forwarded to various U.S. addresses.
[Harsh Behal, C.B.I. Spokesman]:
"During the raid conducted by CBI (Central Bureau of Investigation), counterfeit checks having face value of U.S. dollars three lakh equivalent to rupees...have been seized. Besides, large number of base paper sheets to be used for printing such counterfeit checks have also been seized. These paper sheets could have been used for printing checks worth around 81 million US dollars."
The C.B.I. continues to investigate any accomplices to the scheme in other countries, their methods and how they set up the money transfers.