Diner's Club alleges businessman part of ATM scam
Published:
2 April 2003 y., Wednesday
International academics are outraged about a court order preventing the media or any witnesses from publicly exposing the computerized security systems of Diners Club International, according to a report in South Africa's The Mercury.
But Diners Club attorneys argue that it would not be right for the public to learn the inner workings of the security systems.
The court reasserted its right to bar certain evidence this week when the public was prevented from hearing the testimony of Diners Club's expert witnesses.
Diner's Club is suing Durban businessman Anil Singh for allegedly colluding with a crime syndicate that attempted to defraud Diners Club South Africa of millions of rands in an elaborate ATM scam, according to the Mercury.
Singh and his wife, Vanithra, are being sued by Diners Club for 600,000 rand (about $76,032 U.S.), the amount it claims was withdrawn from ATMs in London in 190 transactions over two days in March of 2000.
Some evidence was heard in the marathon civil trial in London earlier this month. The case continued in the Durban High Court this week.
The media were barred from hearing the testimony of certain witnesses after the court ruled that security would be breached if information about bank systems was disclosed.
Šaltinis:
atmmarketplace.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
In January 2009, the EBRD commissioned two Italian consultants to study Turkey's sustainable energy market in preparation for future investments.
more »
Next week a delegation of more than 50 Chinese businessmen, accompanying the Chinese Vice-Premier Hui Liangyu, are arriving to Lithuania.
more »
The German developer “ECE” together with Lithuanian partners opened a new shopping and entertainment centre Ozas Gallery in Vilnius.
more »
As it embarked on an ambitious stimulus spending, Thailand turned to the World Bank for advice on how to fast track the spending coupled with proper management controls to keep programs on the rails.
more »
Peter Reiniger Business Group Director for Central Europe and the Western Balkans from the European Bank for Reconstruction and Development visited Latvia to sign subordinated loan agreement with Parex banka.
more »
On Monday AB DnB NORD Bankas started placement of a 13-month fixed-rate Lithuanian government bonds. It is the first time when Lithuanian sovereign USD denominated securities will be available on Lithuania’s retail market.
more »
The Swedish business daily Dagens Industry published an interview with Andrius Kubilius, the Prime Minister of Lithuania, to Bloomberg News.
more »
The economic crisis still has a firm grip on large parts of the world. But Sweden’s Minister for Trade Ewa Björling can see bright spots.
more »
The European Bank for Reconstruction and Development and KfW Entwicklungsbank (The German development bank) are providing a financing programme worth up to €28.9 million to MegaBank - one of the strongest regional banks in the eastern Ukraine.
more »
A settlement in an international tax dispute that strained U.S. ties with Switzerland.
more »