A senior official of Axis Bank had complained that there was huge withdrawal of cash at ATMs and at merchant shops through fake international credit and debit cards of bank customers, a police release said.
Investigation revealed that with the help of their friends living abroad, the suspects managed to develop fake international credit and debit cards of several customers of the bank.
A Central Crime Branch team arrested R Anandhan alias Ruban, Sri Dishok Kumar, Dinesh Kumar and 62-year-old M Krishnadass.
Investigations also revealed that the four were involved in similar crimes in other states, the release said, adding, Anandhan was involved in similar offences in the past.
The car and the machines used to make the fake credit and debit cards were seized, the release added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
