Hyderabad: Two custodians of a cash management firm who were entrusted with the job to replenish cash in bank ATMs decamped with Rs 9.98 crore on Friday evening.
K. Lokeshwar Reddy, hailing from Anantapur, and G. Praveen Kumar, a native of Jiyaguda, had been working as custodians at the RCI Cash Management Services Limited, which has its head office at Kompally, for around a year.
The two were entrusted with the responsibility of collecting cash from banks and replenishing ATMs across Hyderabad and Secunderabad. They collected Rs 9.98 crore from banks on Friday.
“They falsely reported that the cash had been replenished. The two have not been responding to calls from their office since three days and their mobile phones are switched off,” said RCI operations manager G. Nagaraj.
Suspecting something fishy, the firm checked records of the cash in their custody and cash movement at the ATM centers. The company found a difference of around Rs 9.98 crore, which may decrease slightly after reconciliation. Based on a complaint, Tukaramgate police has registered a case of cheating and criminal breach of trust.
“We are investigating the case and have formed special teams to trace the accused. Once they are nabbed we will know the other details,” said Tukaramgate inspector T. Laxmi narayana.
