2 booked for ₹86 lakh cash fraud in Karnal

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The police here on Friday booked two employees of an ATM cash loading company for an alleged misappropriation of funds worth 86 lakh.

The police in Karnal on Friday booked two employees of an ATM cash loading company for an alleged cash fraud worth 86 lakh. (Representational image)

The accused were identified as Sushil, a resident of Kaithal, and Vijay, a local.

They allegedly misappropriated the cash while loading it in different ATMs of the town, police said.

The misappropriation of the money came to light during the internal audit of the company, they added.

In his complaint to the police, Rajeev Kumar, branch manager (Karnal) in CMS Info System Limited, alleged that the company had appointed Sushil and Vijay as custodians to load the money in 33 ATMs in Karnal.

They are the only ones with the authority to generate ATM operation passwords through mobile software, he said.

So far, Rajeev said that the company has conducted the audit of only five ATMs and found 86,04,00 cash short, while the audit of the remaining ATMs was underway.

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