Bengaluru: Cash management staff decamps with Rs 76 lakh

Bengaluru: A cash custodian of a cash management services company is on the run with Rs 76.4 lakh after withdrawing the money from ATMs by misusing the company’s password. The Ashok Nagar police have registered a complaint and are investigating.

The accused has been identified as Shivaraju B., a cash custodian in SIS Prosegur Holdings Pvt. Ltd. The company deals with reputed banks such as ICICI and HDFC.

According to the police, the incident took place on August 28, but came to light recently after the company received a complaint that an ATM on OTC Road had no cash.

The staff immediately checked the list and found that sufficient cash was deposited at the ATM. When they found that the chest was empty, the officials verified CCTV footage and found out that one of their employees had removed the cash from the ATM.

Further investigations revealed that he had removed cash of Rs 76.4 lakh and since then he had been absenting from work and gone missing.

On Thursday, the company’s branch manager, Shatrugna Prasad Singh, filed a complaint with the Ashok Nagar police. They have registered an FIR and begun the hunt for Shivaraju.

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