Police yesterday raided the biggest counterfeit credit card operation found in the city in a decade, arresting two men and seizing more than 1,000 bogus card.
'Intelligence shows the two men are the core figures of the bogus credit card racket. We believe we have smashed the syndicate,' a senior police officer said.
The operation - the second raided in a week - was believed to have been operating in a flat in Mong Kok for about six months, police said. The confiscations eclipsed the 82 cards seized in Jordan on Wednesday. Just 611 bogus cards were seized in the whole of last year.
The fake cards were of good quality. 'One bogus credit card encoded with bank data could be sold for up to HK$3,000,' an officer said.
Initial investigations indicated that the centre was run by members of a local fraud syndicate, who produced the bogus cards and loaded stolen data on to the magnetic strips.
'The fake cards were intended to be used in Hong Kong,' a police officer said. 'But we don't rule out the possibility that the cards could have been used on the mainland and in other Asian countries.'
