Man uses Rs. 35.78 lakh ATM cash to clear loans !
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Man uses Rs. 35.78 lakh ATM cash to clear loans !

March 24, 2017

Accused absconding; City Police form team to track him

The City Police have booked a man who was entrusted of filling ATMs with money for allegedly misusing the money for his personal purposes. Police said that the accused misused Rs. 35.78 lakh. A special team has been formed to arrest the man who is now absconding.  

According to a complaint filed at the K.R. Police Station, M.P. Shivakumar, a resident of Marballihundi, was working at Logicash Solutions at Chamaraja Mohalla since the last two-and-a-half years. The company was given the responsibility of filling cash to the State Bank of India ATMs. Accordingly, the company deputed Shivakumar to replenish the SBI ATM kiosks with cash between Mar. 7 and Mar. 18.

Instead of depositing cash at the ATMs, Shivakumar managed to siphon off a part of the money. The complaint said that after the cash was released from the bank chest, it was transported to different ATMs. While Shivakumar promptly made the entry of the money deposited in the ATM, he, however, did not deposit the cash.

The fraud came to light during a routine audit conducted by the cash management company. The company officials then summoned Shivakumar realising that the audit mismatch at the ATMs were from his jurisdiction. Shivakumar admitted that he took the money in parts and told the company officials that he had borrowed lakhs of rupees and had repaid the money lenders with the ATM cash. When he was told that the company would lodge a Police complaint, he fled the spot, the Police said.

Later, K.M. Surya Prakash of Logicash Solutions lodged a complaint at the K.R. Police Station. Inspector Prakash has constituted a team to nab Shivakumar. When a Police team went to Shivakumar’s house, his wife said that he had not come home since a couple of days. Police said that his phone records are being scanned to track his location.

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