Driver, associate of cash van held; Rs 49 lakh cash recovered

The driver of a cash van and his associate, who had allegedly escaped with Rs 49 lakh, have been arrested within 24 hours of the burglary and the entire loot recovered, police said today.
39-year-old Satish and his cousin, Shailender, were nabbed from Etah in Uttar Pradesh at around 4:30 A.M. Today, police said. Satish had on September 20 joined Cash Management Services (CMS) as a driver under the false name of Sanjay.
He had yesterday allegedly fled with the van carrying Rs 49 lakh while his colleagues were loading money at an ATM in the Karol Bagh area of Central Delhi.

The hunt is on for a third associate, Shailender's brother Chotu, who is still on the run.
"Shailender was the mastermind. He earlier used to work with Alliance Transcom Company that provided manpower to CMS. It was he who got Satish placed in CMS through Alliance Transcom with fake name and address proof," said Joint Commissioner of Police (Central Range), Sandeep Goel.
The loot took place at around 11 A.M. Yesterday when the cash van reached an Axis Bank ATM on Padam Singh Road. According to police, four persons were inside the van, a gunman, two custodians and Satish.

Shailender and Chotu followed the van on a motorcycle. When the van stopped, the gunman escorted the two custodians to the ATM while only Satish was left inside the vehicle.

"As per the plan, Satish fled with the van. He stopped the van in the Raiarpura area where Shailendra and Chotu reached and they then broke the cash box," police added.
"They transferred the money into two bags following which Satish and Shailender left for Etah on a bike while Chotu boarded a bus. The duo was tracked down through their mobile phone locations," police said.
A statement issued by CMS, said, "Yesterday, Rs 49 lakh were stolen from a CMS cash van in New Delhi. The culprit has now been arrested and we are waiting to confirm the recovery of the amount."

The company, meanwhile, has come under scanner for its alleged carelessness as Satish was hired without proper verification.
But it has said that, "we follow stringent guidelines to ensure the security of the cash in our care - including extensive background verification, identity checks and risk mitigation measures.