The cards, together with their pin codes, were sold to other syndicates for about RM2,500 each, Serdang police chief AA Anbalagan said.

Checks revealed that at least 10 cases of withdrawals amounting to RM245,000 had been made.

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Anbalagan said a team from the district commercial crime investigation division arrested five individuals, aged 25 to 39, in operations in Puchong and Gombak from April 14 to 21.

“They admitted that they were runners in collecting the cards and sending them to other syndicates,” he told reporters in Serdang today.

The team seized 38 ATM cards, 20 Singaporean SIM cards and RM3,957.

He said the syndicate promised personal loans to those in need of cash in exchange for their ATM cards and pin codes as collateral.

However, the victims never received their loans, while their cards were sold for about RM2,500 each to other syndicates.