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2 employees held for siphoning off Rs 84 lakh from ATMs

3/20/2018

Chronicle Reporter, Bhopal Bagh Sewania Police have arrested two employees of Logicash Pvt. Ltd., a Cash Management Service in the city, for fraudulently taking about Rs 84 lakh from ATMs of SBI and Bank of Baroda situated in the Bhopal. The fraud came to fore after surprise audit of three ATMs of SBI was conducted which revealed taking of Rs 24.35 lakh. Two employees of Logicash Solutions Pvt Ltd, Pooran Pandey and Navneet Singh Arora were found involved in the fraud in which the two have duped the company to the tune of Rs 83.81 lakh. Investigating Officer ASI Ramesh Singh said that the surprise audit conducted on three SBI ATMs on March 13 unearthed the fraud by the two accused who went missing after the fraud was found. Later, when the remaining 22 ATMs of SBI and 6 ATMs of Bank of Baroda were audited the fraud revealed. The two held post of Custodial Service Provider and were assigned with 25 ATMs of SBI and 6 ATMs of Bank of Baroda. ASI Singh revealed unacceptable negligence on the part of the company as nothing in record from the machine like receipt was collected regarding the money deposited in the ATMs. The case was registered after a complaint was lodged by Pawan Baman of Logicash Solutions after the fraud was caught by the auditors. Pooran is a resident of Piplani and Navneet is a resident of Ashoka Garden. The police have registered a case under section 420, 409, 468, 471, 34 and 120 B of the IPC and have started further investigation. Police are quizzing the suspects regarding the involvement of other accomplices and use of money and other details.

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