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Mumbai: ATM cash loaders exploit flawed system, swindle Rs 1.25 cr in six months

<p>Police have arrested two employees of a cash management firm and are on the lookout for another two, including the mastermind, for duping a renowned bank that had hired the firm to load money into their ATMs across Western suburbs</p>

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Police have arrested two employees of a cash management firm and are on the lookout for another two, including the mastermind, for duping a renowned bank that had hired the firm to load money into their ATMs across Western suburbs. The accused siphoned off nearly R1.25 crore in the last six months.

While the cops have arrested Vikas Shivekar (24) and Anant Kanojia (26), they are now on the lookout for the gang’s mastermind Kamble and one of their accomplices. All four were part of a team, headed by Kamble, responsible for loading cash into the ATMs. They were employees of ISI Security Company.

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