The Ulsoor police have arrested a 21-year-old junior supervisor of a private firm who had escaped with Rs. 50 lakh cash which he was supposed to deposit in ATMs across the city.
The accused has joined Brinks Arya Pvt. Ltd., a private security firm that handles transfer of money to ATM kiosks and banks in the city, under the fake name Mahesh a few days ago before he escaped with the cash on October 21 from an ATM counter on M.G. Road.
The police had launched a manhunt and had published his pictures across the State seeking information.
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The accused, who has been identified as Jagadish, had purchased a brand new motorcycle with the cash and was moving around suspiciously.
Alert residents who noticed his physical appearance resembling the photographs published in the media alerted the local police who nabbed the accused before alerting the Ulsoor police.
The police rushed to the spot and took Jagadish into custody and recovered the bike he was using. The police are questioning him further to ascertain where he had kept the remaining cash.
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