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Spa owner cheats bank using cloned cards, arrested - Times Of India

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http://articles.timesofindia.indiatimes.com/2012-11-18/chennai/3518634...

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You are here: Home > Collections > Credit Card

Spa owner cheats bank using cloned
cards, arrested

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A Selvaraj, TNN Nov 18, 2012, 04.14AM IST

Tags: electronic data capturing

1

| city police

CHENNAI: A 49-year-old businessman was arrested on Saturday by the bank fraud wing of the city police on charges of cheating a nationalized bank.

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V Anbu, who has been running 'Moon Holiday' massage parlours in T Nagar and Uthandi and 'Ayur Plus Therapy Centre' in T Nagar, had requested Axis Bank to install electronic data capturing (EDC) units (used to swipe credit and debits cards) at three of his parours. He then used cloned credit cards to credit cash into his bank account using these units, police said.

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The Axis Bank asked its risk control unit to probe the case after two foreign banks disputed a few credit card transactions made through Axis Bank's EDCs. Initial inquiries revealed that the credit cards, which turned out to be cloned, were used at the Axis Bank-installed EDCs in the spas owned by Anbu.

After a formal notice was sent to Anbu, the bank cancelled the licence issued to him. A complaint made by Axis Bank's risk control unit to the police commissioner was forwarded to the bank fraud unit.

Police teams began a hunt for Anbu who was then abroad. On Saturday, based on a tip-off, police traced Anbu to a place in T Nagar. A check of his bag found an air ticket to Dubai on Saturday and a visa. "Had he not been caught, he would have flown abroad," an investigation officer said.

Anbu, a native of Thanjavur, has studied till Class 12. His family has traditionally been into ayurveda treatment, police said adding that Anbu continued the tradition. Police said they were verifying if Anbu had cheated other banks in a similar fashion. "We are also looking into whether he had links with credit card scamsters. We will take Anbu under police custody to reveal more about the modus operandi," a police officer said. FEATURED ARTICLES

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11-Jan-13 5:09 PM

Spa owner cheats bank using cloned cards, arrested - Times Of India

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11-Jan-13 5:09 PM

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