Police recover Rs 10 lakh from arrested ATM cash loading staff

Mangalore Today News Network

Mangalore, May 11, 2013 : Police who are investigating into the  case of fraud by ATM  cash loading staff of Global Management Agency who were arrested recently, could recover only Rs 10 lakhs out of the total Rs 48.50 lakh which the duo stole from ATMs using the secret lock during night.

The duo  namely Gautam and Anilraj who were in police custody till May 10 were produced before the court that day and then remanded to judicial custody. It is learnt they spent much of the funds on travel and purchase of costly mobile phones.
The two were arrested on May 6 and they used to disable the CC Camera inside the ATM centres before resorting to thefts.

The fraud was detected when the ICICI bank as well as the Global Management Company of Bangalore. hired by the  Bank, during audit found a mismatch  in the cash in the ATMs and the amount mentioned in the record books.

The detailed investigation revealed that two persons  Gautam and Anilraj hailing from Mangaladevi and employees of Global Management Company were the accused.

They  were resorting to such acts during night time in unguarded ATMS  since the past ten months. It is learnt, the Global Management Company headquartered in Mumbai used to instruct the local branches on the amounts to be loaded to ATMs and  the personnel thus visited the ATMs to load the cash.