It was gone in a blink

Vehicle transporting cash did not have GPS trackers; Cash management service provider made no background check on the accused driver Dominic Selvaraj.

Published: 24th November 2016 04:50 AM  |   Last Updated: 24th November 2016 04:50 AM   |  A+A-


BOI zonal manager S Eswarappa speaking to the media after cash driver fled away with D1.37 crore in Bengaluru on Wednesday |NAGARAJA GADEKAL

By Express News Service

BENGALURU: Did inadequate security measures delay the police from quickly nabbing the accused in the cash van heist? Yes, say police officials.

While it is compulsory for all vehicles transporting cash to banks and ATMs to have GPS trackers, there was no tracker in the vehicle that was involved in Wednesday’s incident where the driver drove away with Rs 1.37 crore.

Sources told Express that attempts by police to track the vehicle failed as vehicles belonging to the firm
Logicash did not have any security arrangements. Since it is the responsibility of the logistics company to take care of the cash once it is taken from the bank, they said that a complaint will be filed against the firm too.

Four teams formed
Deputy Commissioner of Police (West) M N Anucheth said that four teams have been formed to nab the accused. Checkpoints have also been set up at exit points of the city.

“It is evident that the cash management service provider company - Logicash - had made some compromises with respect to background checks on its personnel. Our priority is to nab the accused,”  he said.

Firm had outsourced jobs
Police sources said that Logicash had outsourced all driving and other jobs to a firm called Secure Transit. Police have questioned the officials of the company on whether a background check of the driver was  done. It was revealed that  Logicash had made no background check on the driver Dominic Selvaraj.

Rumour mills afloat Rumours that the money was stolen from a vehicle reloading money at the ATMs in front of Bank of India’s main branch on Kempe Gowda Road sent bank officials into a tizzy. With questions from media pouring in, bank officials issued a clarification stating that no such incident had occurred at the bank.

Speaking to the media, S Eswarappa, Zonal Manager, BOI, said that the bank did not have an agreement with

Logicash to reload its ATMs.

“We haven’t outsourced any job to the company in question. All our vehicles that were sent to reload 45 BOI ATMs in the city had returned without any incidence,” he said, adding it was not possible to rob `1.37 crore from Bank of India main branch as it did not have enough cash.

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