ATM fraud case accused arrested

June 21, 2016 12:00 am | Updated October 18, 2016 02:41 pm IST - HYDERABAD:

Sudip Kumar, the prime accused in the recently busted ATM fraud case, was arrested by city police in Mumbai even as he tried to escape by jumping from the second floor a building.

Kumar was brought to city on prisoner transit warrant and being produced before a local court. The 49-year-old accused hailing from Bihar was director of RCI Cash Management Private Limited. The company’s office was located in Mumbai.

RCI company was hired another company FSS to upload cash in ATM machines of State Bank of India. As RCI was suffering losses and couldn’t offer to pay salaries to its employees, Kumar colluded with some staff members. At his instance, some employees -who were assigned the task of uploading cash in ATM machines- used to steal cash and pass on the same to Kumar by depositing it in company’s accounts. While the employees were arrested, Kumar had been absconding all these days. He landed on first floor and managed to reach the ground floor through the window but members of the police party caught him.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.