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Three persons, including two employees of CMS (Cash Management Services), a company engaged in loading cash into ATMs in the city, were arrested on Monday on the charges of siphoning off money to the tune of Rs 1.49 crore from ATMs of different banks. Police recovered Rs 73 lakh, cell phones, motorcycles and household articles from their possession.
Hyderabad: Three persons, including two employees of CMS (Cash Management Services), a company engaged in loading cash into ATMs in the city, were arrested on Monday on the charges of siphoning off money to the tune of Rs 1.49 crore from ATMs of different banks. Police recovered Rs 73 lakh, cell phones, motorcycles and household articles from their possession.
Maddela Sudheer Kumar, 24, a BTech drop-out, resident of Moosarambagh and Mutha Ashok, 26, staying in Neredmet, who were employed as custodians of CMS agency conspired along with their associate Golla Manoj, 24, of Malakpet and took away cash from 23 ATMs, located on the ECIL route by entering the cards and passwords to open the machines.
The shortage of cash came to the notice during an internal audit conducted by the CMS company manager, Samson Roger, who immediately lodged a complaint with the Nacharam police. Based on his complaint, police registered a case under Section 120 B, 420, 406 and 408 of the IPC and took up the investigation. During the probe, a team under the supervision of ACP (Malkajgiri) M Ravichandran Reddy arrested the accused on Monday from their houses.
“Sudheer and Ashok, employees of CMS, were entrusted the job of loading cash in 23 ATM centres. The trio used to visit the ATMs and open the chest by using the passwords and took money. Likewise, they siphoned off Rs 1.49 crore since December 2014 till April 2015,” Rajeshwari said, adding that they lavishly spent 50 per cent of the shared money. The accused would be produced before the court for judicial remand.
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