Bagh Sewania police have recovered Rs 29,82,500 from two employees of logicash Solutions Pvt. ltd company who were involved in fraudulently taking Rs 83.81 lakh from 31 ATMs, said SP Rahul Kumar lodha while speaking with media persons on Tuesday.
SP Kumar said that the accused Pooran Pandey and Navneet Singh Arora were deployed as ‘Custodial’ with logicash Solutions Pvt. ltd and were assigned 31 ATMs of SBI and Bank of Baroda situated in the city.
The two have used the money in purchasing property and assets which is under investigation.
It was found that they used to live luxuriously using the money obtained fraudulently, he added.
The tip of the fraud surfaced after surprise audit conducted at three SBI ATMs and which led to the revealing of the fraud and when other ATMs were audited the fraud turned to be massive scale.
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.
Puran Pandey hails from Nepal and his father is supervisor with the MPCST. He left engineering after second year from SIRT College while Navneet Singh is a resident of Semra Kalan and done computer hardware course.
The accused 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.