Coimbatore: Two men have cheated a company that deposits cash in ATMs to the tune of Rs1.39cr. The district crime branch has registered a case against them and said the duo was absconding.
As per the investigating officer, K Satheesh, 29, and K Arun Kumar, 22, both residents of Udumalpet, were employed by Brinks India Private Limited, located in Sowripalayam to load cash in ATMs in and around Coimbatore district. They were entrusted with the work of loading cash in ATMs located in Pollachi and Udumalpet.
"They deposited cash in seven ATMs of various banks such as ICICI, Axis, SBI and Bank of India. They collected the amount from the banks and went to the ATMs in their motor cycle. They would deposit the cash in the ATMs," said a police officer.
But in the past one month, the audit revealed that they misappropriated more than Rs1.39crore. They found that the two men would steal cash but enter the valid amount in the ATM.
"The ATMs were not automatic and the men had to manually enter the amount that they were depositing. And since the CCTV footage does not cover the rear end of the ATMs where the cash is deposited, officials were unable to identify the fraud until the audit," said the officer.
They would be given more than Rs32 lakh and Rs50 lakh on a daily basis to be deposited in the ATMs but they would deposit only a part of the amount. "The duo has been working with the company for several years and this is the first time that they have been caught," said the officer.
Police suspect that the two might have invested money and would often get profits and deposit the cash again. "We hope to nab them soon," said the officer.