The city crime branch sleuths on Thursday arrested two persons, including a businessman, for allegedly duping a nationalised bank with dubious transactions through the Electronic Data Capture (EDC) machine given by the bank.
The police claim that the accused have allegedly duped the bank of Rs1.65 crore by cloning credit card data of foreign nationals.
The arrested persons have been identified as Amir Aqeel Ansari alias Sunil alias Subhanbhai, 33, and Faiyaz Karim Shaikh alias Sanjay Ram Tiwari, 34. The duo has been booked for cheating, forgery and under relevant sections of Information Technology Act.
According to the police, the complainant is a senior officer in the bank. As per the complaint, in August 2010, Tiwari had opened a current account in the name of M/s Gold & Diamond in the complainant's bank, having its branch in Bandra (E). Tiwari was provided an EDC machine by the bank for his business transactions, after he made an application for the same.
"It had come to light of the bank that between October 15 and November 22 of 2010, transaction swipes worth Rs2.68 crore were made using the EDC machine and the money was credited in Tiwari's bank account. The money was then transferred from Tiwari's account to other accounts," said an officer from Cyber Crime police station, requesting anonymity. The officer further said that the bank was intimated by the other banks that the transactions of Rs1,65 crore were bogus. The bank then lodged a police complaint in this regard.
"Investigations revealed that Tiwari had used stolen debit/credit card data of customers for bogus transactions. Since the customers whose card data were illegally used were from abroad and never did the transactions, they reported about it to their banks and the transactions were then charged back, resulting in loss of Rs1.67 crore to the complainant's bank," the officer said.
During investigation, the police learnt that Tiwari had opened a bank account using bogus documents. "On receipt of specific information, the duo was apprehended from Malwani and Santa Cruz. We are on the lookout for two more persons — Bob Michael and Zafar. The accused persons are part of a gang that steals credit/debit card data of customers based abroad, open bogus bank accounts, procure EDC machines and use them for bogus transactions," said the officer.
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