However, Rs 14 lakh is yet to be recovered, they said.
One Ghanshyam of Garh-Binjari was detained for interrogation on a tip-off, after which the ATM machine was found from the well in Alwar's Pali village, they said.
The investigation and searches are on and the other accused, who are absconding from the village, will be nabbed soon.
The ATM machine was stolen on the intervening night of December 31 and January 1.