Two men employed with a firm providing security to vans ferrying cash to ATMs were arrested last week for allegedly diverting money meant to be loaded into ATMs to their own bank accounts. According to the police, the men transferred Rs 31.17 lakh meant for ATMs to bank accounts in 23 transactions. The firm said in its complaint that when the duo was confronted last week, Gaikwad returned Rs 1 lakh.
The alleged misappropriation came to light after the firm, Securitrans India Private Limited, conducted a surprise audit of the operations of its office in Panvel, said the police. The firm is contracted by several banks to provide vehicles in which cash is ferried to ATMs with armed security guards and cash-loading officers. The accused, Mulund residents Deepak Jadhav and Rohit Gaikwad, had been working as cash-loading officers with the firm since June this year and service ATMs between Mulund and Ghatkopar, the police said.
In a complaint to the Panvel City police station on November 10, the firm said both men were in possession of different passwords using which they would open safes of ATMs to load money. The complaint added that an internal audit last week found that between September 4, 2017 and November 2, 2017, instead of loading cash into ATMs, Jadhav and Gaikwad allegedly transferred the money to several bank accounts.
“We have arrested them for illegally transferring money they were supposed to load into bank ATMs into their own accounts,” said Vinod Chavan, senior inspector, Panvel City police station.