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5 ATM maintenance staff arrested for Rs 1.88 cr fraudulent withdrawals

Police arrested five employees of an ATM maintenance firm for allegedly withdrawing Rs 1.88 crore

FY17 GDP growth faces cash crunch heat

Press Trust of India Hyderabad
Five employees of an ATM maintenance firm have been arrested for allegedly withdrawing money to the tune of Rs 1.88 crore from various ATMs in a fraudulent manner, police said on Monday.

The five persons allegedly colluded and removed cash from various ATMs fraudulently to the tune of Rs 1.88 crore, stated a police release on Monday.

The investigation followed after their company hired the arrested men as 'cash custodians' for different ATMs, it added.

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First Published: Dec 27 2016 | 9:42 AM IST

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