PORT OF SPAIN, Trinidad - State carrier Caribbean Airlines has suspended one of its managers as an investigation continues into what has been described as a million-dollar fraud involving the use of bogus credit cards which has already cost CAL more than $12 million in losses.
Sources familiar with the airline’s operations say due to CAL not adequately addressing validation measures for local and European credit cards, scammers have managed to evade detection by CAL officials and have managed to get refunds from sales activities with the airline.
Sources say from January 2012 to June 2013, CAL has lost more than US$1,721,792 in chargeback claims