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1.44b yen stolen from Japan’s ATM machines

TOKYO: Japanese Finance Ministry has issued a new report claiming that a total of 1.4 billion Yen have been stolen from ATM machines in different cities of Japan within 2 hours on May 15.

According to a statement issued by the ministry, the transactions were made using ‘fake’ credit cards in convenience stores.

According to the police, the information regarding credit cards was leaked from a South African bank.

“Japanese police will coordinate with South African authorities through the International Criminal Police Organization to look into the major theft, including how credit card information was leaked,” police sources said.

The police revealed that seven different bank cards were used to make approx 14,000 transactions across Japan and the maximum amount of 100,000 yen or about $900 was withdrawn using the fake credit cards containing account information.

Earlier in 2012, another case was reported in which more than $40 million money was illegally withdrawn from ATMs in 26 countries.

However, the Police is still hunting for the culprit involved in the case.


M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.