Police in central Vietnam on Monday confirmed the arrests of two European men who allegedly make counterfeit ATM cards for cash withdrawals in the resort beach town of Nha Trang.
The suspects were identified as Joel David Richards, 25, from the UK and Rudy Manoel Dass, 33, from the Netherlands.
According to the police, they arrested Richards and Dass on Dec. 6 after being tipped off by local banks.
They found electronic equipment used to make counterfeit cards in the suspects' rent houses, as well as VND200 million (US$9,025) in cash.
Richards and Dass told to the police that they arrived in Nha Trang on Dec. 5.
They said they used stolen card data to make counterfeit cards and used them for multiple cash withdrawals in Nha Trang on Dec. 5 and Dec. 6.
They also confessed having used the fake cards to steal money from ATMs in Da Nang, Hoi An and Hue.
According to the police, Richards came to Vietnam in 2014 and rented a house in Da Nang.
Dass arrived in the same city last month and the duo began making counterfeit cards.
According to police, the Bank for Investment and Development of Vietnam (BIDV) reported it lost more than VND500 million in ATMs in central provinces recently.
Police are investigating the case.