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FIR against three for ATM fraud worth Rs 1.16 cr

The company has recovered Rs 19.5 lakh from the accused who have not yet been arrested.

noida Updated: Sep 02, 2018 02:33 IST
Tanmayee Tyagi
Tanmayee Tyagi
Hindustan Times, Noida
ATM,ATM fraud,Skimming
The accused allegedly used administrator passwords to skim cash from ATMs after loading them.(Getty Images/iStockphoto)

An FIR was registered on Saturday by a private cash management company based in Noida’s Sector 11 against three cash custodians employed with the company for allegedly siphoning off Rs1.16 crore from ATMs in the past two months.

The police said that the company has filed an FIR against Rajan Bhardwaj, Ajit Singh and Shankar Jha at the Sector 24 police station. The FIR was registered under the Indian Penal Code sections for cheating and criminal breach of trust.

According to officials of Logicash Solutions Private Limited, a Noida company with operations in Delhi and Ghaziabad, the accused men would allegedly use passwords provided by the company to alter certain payments while depositing money in the ATMs.

“Rajan Bhardwaj, Ajit Singh and Shankar Jha have been employed with us for a while. We had done extensive background checks before hiring them. However, we were notified some time ago by a partner bank about certain discrepancies in the amounts. We investigated the matter and realised that the three custodians were involved in a fraud of nearly Rs 1.16 crore,” Ajit Singh, the security manager of the company, said.

He further alleged that the accused would alter the amount while refilling cash in ATMs.

“They would send a receipt of the amount that was needed to be filled in the machine to us as well as the bank, and then refill the right amount in the machine. However, they would go back and use administrator passwords to skim some of the amount. This had been going on since July. We came to know about it recently, after which we filed an FIR with the Sector 24 police station,” Singh said.

He also said that Rs 19.5 lakh has already been recovered from the accused. “They have accepted their involvement. However, we will know more about the rest of the money once the police investigation concludes,” Singh added.

Officials said the company works with both private and public sector banks and has been operational since 2012.

The police said that no arrest has been made in the case yet.

“We have registered the case and are looking into it. There is a possibility that some more insiders could be involved. We will know more once we conduct a thorough investigation,” Rajeev Kumar Singh, circle officer 2, Noida police, said.

The police also said they are examining the CCTV footage from the ATMs.

First Published: Sep 02, 2018 02:33 IST