Rachakonda police arrest two persons for misappropriating Rs 65 lakh from various ATMs

Pranay had stolen an amount of Rs 65 lakh from ATMs at Meerpet, LB Nagar, Pocharam IT Corridor, Uppal and Medipally

Hyderabad: Two employees from a cash management agency, who had allegedly misappropriated an amount of Rs 65 lakh, were arrested by the Rachakonda police on Monday. The arrested persons include Pathri Pranay Kumar (25) and Dommati Kranthi Kumar (32), both natives of Warangal.

Rachakonda Commissioner of Police, DS Chauhan, while addressing media persons on Monday said that Pranay worked with a Secunderabad based cash management agency, which is providing its services to a multinational bank. Pranay along with another custodian Srinivas were assigned the task to replenish cash in the ATM machines that were operated by the multinational bank.

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On May 31, Srinivas did not come to work and Pranay on finding an opportunity used his mobile phone to take a picture of the password of the ATM machines from the office computer systems.

“Pranay had the keys of the ATM cash dispensing machines and after obtaining the password went to different ATM centres. He then keyed in the password and opened the cash chest before stealing the money,” said DS Chauhan.

The fraud came to light when the bank’s audit team found shortage of cash and conducted an enquiry. A police complaint was made after the team noticed that Pranay was stealing the cash.

Based on the complaint, police picked up Pranay who later admitted that over a period of time, he had stolen an amount of Rs 65 lakh from ATMs at Meerpet, LB Nagar, Pocharam IT Corridor, Uppal and Medipally.

After stealing the cash, Pranay kept he cash with his friend Kranthi Kumar. The police recovered Rs 55.80 lakh from Kranthi Kumar.