Refilling leads to stealing money from ATMs

Hyderabad, December 23 : From the beginning of demonetization, the bank holders are involving in illegal activities regarding the black money. Especially the bank official, who are inserting money in ATMs, extending their illegal activities day-by-day. One of these activity raised in SBI bank.

While coming to details, 2 of the employees of a cash management company who diverted Rs.1.4 crore from State Bank of India (SB) ATMs in the city had transported another Rs.84 lakh from SBI. Having the amount stolen to nearly Rs.2.3 crore, said officials from the Central Crime Station (CCS). It is suspected that they committed fraud by bidding their friends who wanted new currency.

The two employees who work for Logicash Solutions Pvt Ltd, which takes care of 80 ATMs in Hyderabad, committed the fraud between November 12 to December 7. This was found after a surprise audit conducted by Tata Communications Payment Solutions Ltd (TCPSL), which has an agreement with SBI to refill ATMs and has sub-contracted the work to Logicash.

After collecting the money from SBI's main branch in Koti, the employees would fill the ATMs with lesser amounts than what they were supposed to, said an official.

"They just have to enter the amount being filled in the machine and then put the money into the cassettes. There is no way to physically account for the money being put in", he explained.