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Tamil Nadu
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Chennai
Two arrested for credit card fraud
Staff Reporter
CHENNAI:
The city police have arrested two men on charges of cheating two banks by siphoning off Rs 2.50 lakh cards here on Thursday, and are on the look out for a Sri Lankan national. The crime branch's bank fraud wing said that police zeroed in on S. Kannan (32) of Saradambal Street Saidapet and his cousin K Baskaran (24), who ran a cellphone business in Saidapet, following a complaint from a private sector bank.
Police said the credit card swipe machines provided by the banks had been used to defraud the banks. Investigators said the two had used the data converter to withdraw the money.
The racket came to light when a customer complained to one of the banks that his credit card had been debited when he was out of the country.
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