Police in Jammu and Kashmir on Tuesday arrested four persons for allegedly cloning credit and debit cards and siphoning off money from bank accounts of people, especially NRIs.
Two of the arrested are from Mumbai.
Police have recovered around 18 fake cards of various banks including the State Bank of India, HDFC and Citibank from the accused.
Senior superintendent of police Syed Ashiq Hussain Bukhari said: "Mumbai resident Sumear is the kingpin in the case. He visited Srinagar last month and is on the run. However, we have arrested four persons, two of whom are from Mumbai, and have recovered around 18 cloned credit cards from them. The gang hacked into bank accounts of people, cloned their credit cards, and drew out money."
Investigating officer Farhat Jeelani said the case was cracked after a local resident paid a jeweller Rs 1.35 lakh by swiping cloned SBI and HDFC cards.
"The jeweller then received a call from HDFC Bank to verify as to whether the transaction was made by an NRI, which was not the case. Bank officials told him that the transaction involved was fraudulent and accordingly we were informed," Jeelani said.