Police have busted a racked involved in stealing millions of rupees from bank accounts by forging ATM cards of bank subscribers.

According to Metropolitan Police Crime Division (MPCD), they have arrested eight individuals for their alleged involvement in swindling money of entrepreneurs by forging debit cards, credit cards, security cards and prepaid cards from different places of the Kathmandu Valley.

Police identified Suresh KC, 34, a native of Bhimeshwor Municipality-5 Dolakha district and temporary resident of Budhanilkantha-9, in Kathmandu, as the mastermind of the racket. The other suspects are Abhisek Pandey, 31, (IT engineer) of Thanajanakipuram Tole, Lucknow, India, presently living at Baneshwor-34, Kewal Pratap JBR, 31, of Lalitpur-13, Anuj Nakarmi, 30, Abhisek Nakarmi, 27,  Roman Maharjan, 23, of Chhetrapati, KMC-17, Bijaya Lama (Dong), 32, of Machhe-8, Kavre, Nadim Khan, 29, of Ashram, New Delhi, India, currently residing at Chhetrapati, KMC-17.

They used to steal the cash through a point-of-sale terminal, a computerised replacement for a cash register which can process credit and debit cards, police said.

The group withdrew Rs 200 million from the Tika Resort in Pokhara and Rs 300,000 from four cloth stores in New Delhi, two years ago.

Similarly, they withdrew Rs 3 million from the The Souvenir in Chettrapati, a year ago.

Likewise, they withdrew Rs 4.7 million from a jewellery shop in Chabahil and Rs 4.5 million from a thangka shop in Bhaktapur, nine months and three months ago respectively.

Police said that they are also planning to withdraw Rs 1 million from the Adidas Showroom in City Center of Kathmandu on a daily basis.