On Sunday Bagh Sewania police arrested two employees of a Cash Management Service on the charge of fraudulently taking Rs 83.81 lakh from 31 ATMs of SBI and Bank of Baroda situated in the city. The cash was removed after placing cash in the ATM, said police.
SHO of Bagh Sewania police station lalit Singh Dangur said that the two accused Pooran Pandey and Navneet Singh Arora are city based and used to work for logicash Solutions Pvt ltd. Their work was to deposit cash as per the details provided by the logicash Company and the two would deposit lesser amount and would feed the amount as per the details provided by the company after which receipt of the desired amount was collected by the two which was submitted with the company and they would escape with money.
However, Singh shied away from revealing details of the recovery from the two and said that the process of recovery is under process. The goods or assets bought from the duped money would be investigated in the further investigation, he added.
The fraud span in a period of one year and the two were employed for the past one and half year with the company, said Singh.
The surprise audit conducted of three SBI ATMs unearthed the fraud by the two accused and when other ATM were audited the fraud turned to be massive scale.
Police said that the two held post of Custodial Service Provider and were assigned with 31 ATMs, including 25 ATMs of SBI and 6 ATMs of Bank of Baroda.
After the preliminary investigation the police have registered a case under section 420, 409, 468, 471, 34 and 120 B of the IPC and have started further investigation.