A Bulgarian man was arrested in New Taipei on Thursday while he was trying to withdraw money from a bank's automated teller machine with a forged credit card, city police said Friday.
The New Taipei City Police Department said that based on its preliminary investigation, it suspected that the man is a member of a foreign-based criminal ring, which uses forged credit cards to steal money from ATMs.
Police began monitoring Taiwan Cooperative Bank (TCB) branches after receiving a report from the bank Thursday about several credit cards that had been seized by its ATMs because of failed transactions.
Not long after, police and TCB security guards noticed some suspicious behavior at one of the bank's ATMs in New Taipei and arrested the Bulgarian man who was trying to make a withdrawal.
When the suspect was searched, he was found to be carrying 10 forged credit cards.
In a later search of the man's hotel room, police found another 79 credit cards, two mobile phones, 13 SIM cards, a computer and a receipt for a cash transfer overseas.
TCB said the amount of cash stolen from its ATMs was NT$180,000 (NT$5,616).
Police said they are continuing their investigation of the case and will try to trace the stolen money.
Source: Focus Taiwan News Channel