Two ATM cash loaders held

Two ATM cash loaders held
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Highlights

Two employees of a cash replenishing company were arrested for allegedly misappropriating over Rs 17 crore from the amount meant to refill the ATMs across the city, police said on Saturday

New Delhi: Two employees of a cash replenishing company were arrested for allegedly misappropriating over Rs 1.7 crore from the amount meant to refill the ATMs across the city, police said on Saturday.

The accused identified as Manish Kumar and Satpal are both residents of Delhi, they added. According to a complaint lodged on Wednesday by Prem Savariya, Branch Head of SIS Cash Services, which is in the business of replenishing cash in the ATMs, the two accused employees had misappropriated over Rs 1.7 crore, Vijay Kumar, Deputy Commissioner of Police (west) said.

During investigation, it was revealed that Rs 1.19 crore was not loaded in 10 ATMs out of Rs 1.84 crore withdrawn from vault by them. They further took out Rs 70,28,500 from other ATMs. Both the accused misappropriated Rs 1,72,78,500, he said.

Subsequently, both the accused Manish and Satpal were arrested and taken into police remand. A sum of approximately Rs 64 lakh in cash was recovered at the instance of the accused Manish. Raids are being conducted for further recoveries, the officer added.

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