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Hyderabad: ATM custodians arrested for diverting cash for personal use

Hyderabad: ATM custodians arrested for diverting cash for personal use

Hyderabad: Two ATM custodians were arrested by Medipally police for diverting cash meant for refilling in ATMs for their personal use. According to police sources the duo used the money for personal needs and refilled ATMs depending on alerts about audits.

Suspects Venu Gopal and B. Rakesh were working as custodians for Sisco Cash Logistics Services for six months. Sisco is managing the cash replenishment of 12 ATMs of the Bank of India and eight ATMs of Karur Vysya Bank.

By using the passwords given to them by the cash refilling agency they diverted funds for their personal use. Whenever they received information about audits at an ATM, they made up the deficit.

The fraud came to light during a recent audit, when the management found mismatch in funds at the Bank of India ATM at Parvathapur and after an inquiry they found the duo had diverted the funds.

A cheating case was registered against the duo on the basis of the complaint lodged by Sisco manager. They were arrested and remanded. Rs. 82000 was recovered from them.