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Seven CMS staff held for pocketing 1 crore
Highlights
Seven employees of CMS (Cash Management Service) security agency were reported to be arrested on Friday for siphoning off a whopping Rs 1 crore that was to be loaded in automated teller machines (ATMs) of various banks. The employees conspired together and did not load the cash given to them , according to sources.
Hyderabad: Seven employees of CMS (Cash Management Service) security agency were reported to be arrested on Friday for siphoning off a whopping Rs 1 crore that was to be loaded in automated teller machines (ATMs) of various banks. The employees conspired together and did not load the cash given to them , according to sources.
The fraud was going on for quite some time, but during a recent surprise audit, the CMS management came to know about the scam. Though police was reluctant to divulge the details, it was learnt that seven of the employees were taken into custody after the CMS authorities alerted the police of the crime.
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