‎Public Prosecution investigates ATM fraudsters gang

‎Public Prosecution investigates ATM fraudsters gang

The Saudi Money Prosecution began investigating with ten defendants, including six violators of residency and four expatriates, accused of forming a vicious gang that defrauded ATM users, Saudi Press Agency (SPA) reported, citing an official source at the Public Prosecution.

The gang allegedly pretended to help users with banking procedures in order to get their account passwords. They would then replace the victims’ bank cards without their knowledge and seize the money in their bank accounts to exchange it and transfer it to other defendants.

An arrest warrant was issued against the gang, whose acts are deemed major crimes and investigation procedures against them are underway to be referred to the competent court to demand severe penalties in this regard.

The source, who stressed the need not to share bank data and financial transactions with others, emphasized that any behavior or activity involving felony over money, or through fraud, exploitation and deception, is considered immoral and requires severe accountability.