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Chief Accountant (Banking)
Industry: Finance
Location: Dubai, UAE -
Financial Controller
Industry: Finance
Location: Dubai, UAE
Card fraud gang jailed
by Dylan Bowman on Tuesday, 18 March 2008
A Dubai court on Tuesday jailed a six-man gang responsible for forging dozens of credit cards and stealing more than $250,000.
Three Tunisians, a Syrian and an Egyptian were each sentenced to three years in prison, while the sixth member - a Syrian - was sentenced to six months in jail, reported UAE daily Gulf News.
All six defendants will be deported after serving their sentences.
Meanwhile, Dubai Police on Tuesday arrested three men for forging ATM cards and using them to steal money from banks, Gulf News reported.
Police detained two Indians and a Malaysian with more than 1,700 ATM cards.
News of the arrests and convictions come hot on the heals of an announcement by the UAE Central Bank that the card details of potentially thousands of residents were stolen by a gang of fraudsters who hacked into a bank's ATM machine.
The central bank said it had provided lenders with a list of ATM cards used on the machine and advised all banks to block the affected cards immediately and either replace them or have users change their pin number.
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