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VietNamNews

Arrests made over bank fraud

Update: July, 05/2014 - 11:41

HA NOI (VNS)— The Ha Noi Police yesterday arrested a Chinese national and his accomplice for allegedly using the Internet and telecommunication networks to defraud banks.

Police investigations have revealed that the Chinese national Zeng Xiao Tian was living in Viet Nam for the past three years. In 2013, Zeng Xiao Tian hired Dinh Van Chinh to set up four fictitious companies. These companies signed contracts with local banks to hire point-of-sales (POSs).

The suspects then used fake credit cards via the POSs to transfer over VND1 billion (US$47,000) into the banks accounts of the companies. After that, they quickly withdrew the money at automated teller machines (ATMs).

The police seized two cars, one motorcycle, five POSs and a lot of faked bank cards. The police are investigating further.. — VNS


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