Two cash custodians arrested with Rs 19.7 lakh for ATM fraud
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Two cash custodians arrested with Rs 19.7 lakh for ATM fraud

The two are accused skimming ATMs  after loading cash into the machines.

noida Updated: Sep 03, 2018 03:53 IST
HT Correspondent
HT Correspondent
Hindustan Times, Noida
ATM Fraud,Arrests,Noida Police
Rajan Bharadwaj and Shankar Jha were arrested by a Noida Sector 24 police team on Saturday night.(SUNIL GHOSH/HT PHOTO)

A day after an FIR was registered for an alleged ATM fraud worth Rs 1.16 crore in Noida, the police arrested two persons and recovered over Rs 19 lakh cash from them.

Rajan Bharadwaj, from Faridabad in Haryana, and Shankar Jha, a resident of Govindpuri in Delhi, were arrested by a Sector 24 police team on Saturday night. The police also recovered about Rs 19.75 lakh from the accused.

“We received a tip from our informant regarding the presence of the two accused near the Videocon intersection at Sector 11. After the interrogation, the duo revealed where they had hidden the stolen cash and we recovered it. Another accused, one Ajit Singh, is on the run with the remaining amount. We will arrest him soon. We are probing the matter,” AK Singh, superintendent of police (city), said.

On Saturday, an FIR had been registered by a private cash management company based in Sector 11 against three cash custodians employed with the company for allegedly siphoning off Rs 1.16 crore from ATMs in the past couple of months.

The police said that the company had filed an FIR against Rajan Bhardwaj, Ajit Singh and Shankar Jha at the Sector 24 police station.

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 were notified by a partner bank about certain discrepancies in the amounts some time ago. We investigated the matter and realised that the three custodians were involved in a fraud of nearly Rs 1.16 crore. 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 later and use administrator passwords to skim some of the amount. This had been going on since July,” Ajit Singh, the security manager of the company, had said.

First Published: Sep 03, 2018 03:42 IST