Police have shut down a credit-card fraud syndicate, arresting a 27-year-old man in Sham Shui Po and seizing 36 credit cards involving a loss of about $700,000.

Following investigations, Commercial Crime Bureau officers arrested the man in Sham Shui Po yesterday afternoon. A search of his residence in the district uncovered 36 credit cards with different names, photocopies of more than 100 identity cards and suspected false documents including salary statements. A computer and printer were also seized.

It appears the syndicate had made use of false documents and other people's details to apply for credit cards. The credit cards were then used to pay for goods and services, involving about $700,000. The man is being detained for enquiries.

The public should be cautious when disclosing their personal data to others. When in doubt, they should refuse to disclose information, or contact Police.