NEWS & ADVICE : CREDIT CARDS
Businessman arrested for committing credit card fraud using EDC machines
By Ankit Sharma
Nov 20, 2012
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Chennai police booked a man for allegedly misusing Electronic Data Capturing Machines (EDC) to commit credit card frauds. Reportedly, the man is a businessman named Anbu, who owns three businesses in Tamil Nadu - one Ayur Plus Therapy which is based in T. Nagar and Moon Holidays which are based in T. Nagar and Uthandi.

The police said that the businessman allegedly bought three EDC machines from Axis Bank on the pretext of using them for his businesses. The Central Crime Branch - credit fraud wing of the Chennai police said that the investigations revealed that Anbu had gathered data of those customers of various banks who lived in foreign countries like Canada, USA and Australia. He then made duplicate credit cards of these customers using the data. Following this, he started swiping the forged cards on the EDC machines and drew out Rs. 80, 000 from these customers.

On receiving the notifications of the fraudulent transactions, the customers contacted their respective credit card issuers. The card issuers found out that the transactions were carried out in India and informed Axis Bank about it. Axis bank found out that the fraudulent transactions were being carried out from three EDC machines supplied to Anbu.

Following this, the bank's concerned executives filed a written complaint with the police after which CCB investigated the matter and made the arrest. It is reported that Anbu has purchased EDC machines from many other banks as well.


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