3 Held for Stealing Rs 1 cr from ATMs

Published: 05th May 2015 06:05 AM  |   Last Updated: 05th May 2015 06:05 AM   |  A+A-

HYDERABAD:The Nacharam police cracked the case of the missing Rs 1.49 crore from the SBH. Investigation revealed the involvement of two employees of the Cash Management Services (CMS) in the theft of the money from the bank’s ATMs. However, the police could recover only Rs 73 lakh from the accused.

The police identified the accused as Maddela Sudheer Kumar, (24), a resident of Dream Home apartments in Malakpet, Mutha Ashok, (26), a resident of Vinayak Nagar and Golla Manoj (24), a resident of Musarambagh, Malakpet. The police recovered Rs 57 lakh from Sudheer, Rs 6 lakh from Ashok and Rs 10 lakh from Manoj.

Working for CMS, Sudheer was a custodian who deposited money in ATMs. Working in tandem with his co-custodian Ashok, and another friend Manoj, he planned the crime carefully and meticulously.

After depositing the money, they would use the ATM password they were privy to, to open the ATM machine and remove the cash. Between December 2014 and March 2015, they had stolen about Rs 1.49 crore. The crime came to light during the bank’s annual audit.

During routine internal audit on April 18, a shortage of Rs 1.49 crore from the ATMs was discovered.

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