Two Bulgarian appear in court for suspected bank cards fraud

Two Bulgarian  appear in court for suspected bank cards fraud


The two suspects being led to court

The two suspects being led to court

Police from the frauds department in Kabwe have arrested and charged two men suspected to be of Bulgarian nationality for being behind the frauds that have rocked some banks in the country, the two today appeared before Kabwe Principal Resident Magistrate John Mbuzi.

The two were apprehended following a joint operation by Barclays security and frauds section of the police. It is alleged that the two men Ivanov Andrey and Velidolski Metodiev on Tuesday, 16th December placed some gadgets to scan clients’ particulars at Barclays and Finance banks’ ATMs in Kabwe and when police pounced on them they sped off until they were caught at Chisamba after a chase.

Gadgets recovered from the duo included 3 hightech pinhole camera bars, 3 magnetic card readers, 19 non branded bank magnetic strip cards, 1 laptop, Data download cables, 1 heavy duty snap blade cutter, 6 double sided mounting tape devices suspected to be used in their scheme where many government workers have been defrauded. Meanwhile reliable sources have disclosed that the two are also jointly working with some government officers at ministry of finance who have been tipping the fraudsters whenever civil servants’s salaries are being paid.

A fortnight ago, Zambian Watchdog reported a fraud case where a Kabwe based Lebanese businessman Ibrahim Diab lost over K43,000 from electronic purchases conducted using his VISA card for his account held at Investrust bank, Ibrahim has since sued the bank claiming his money.



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