A manager and peon of the Indian Overseas Bank, along with two other people, were arrested for allegedly stealing over Rs 10.4 lakh from the bank’s ATM in Waghodiya, Vadodara district.
When the new branch manager discovered a mismatch in the records of cash in the bank’s ATM, he arrested the branch manager Hemantkumar Meena, peon Shailesh Sharma, and two others, Vinu and Subham Singh. The ATM had enough cash in it, according to bank records, but the cash vault was empty.
The theft is suspected to have occurred between October 19 and October 28, according to police, because the ATM was not functioning due to technical issues. The stolen money was put at the ATM just one day before it was shut down. “There was no attempt to forcibly open or damage the machine. At first inspection, it appears that someone insider who knew the password is involved “JG Desai, the in-charge inspector, stated.
According to bank officials, the cash vault of the ATM is opened with a key and a password, both of which are with the branch manager. “The manager and peon have been charged for their negligence or involvement, which we are looking into.” “Two other people who have been named as accused are technicians who came to repair the machine,” Desai explained.
All four suspects identified in the police FIR have yet to be arrested.