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		</div><p>Thirty-eight people have been arrested after police in Spain broke up a criminal gang dealing in international credit card fraud.</p>
<p>Authorities said on Saturday those arrested were in a ring that specialised in the counterfeit and fraudulent use of credit cards from international banks which were scammed of up to €1.4 million.<br />
The banks were based in Italy, Britain, the United States, Australia and Germany.</p>
<p>Police said the ring created a virtual travel agency offering online plane and train tickets, hotel reservations, car rentals and other purchases and paid suppliers with cloned credit cards.</p>
<p>The criminal ring also worked with local businesses in Madrid, Seville, Cadiz, Malaga, Marbella and Cordoba that accepted payments from the fraudulent cards for a percentage of the profits.</p>
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