Two held for misappropriating Rs 1.72 crore

IANS  |  New Delhi 

Two employees of replenishing company have been arrested for misappropriating over 1.7 crore from its Garden branch in the national capital, police said on Friday.

The accused -- and Satpal -- were arrested on Thursday from their residences in Uttam Nagar and Rohini here, respectively.

"In a well-planned manner, they withdrew 2.54 crore from company's vault on two occasions to fill into 10 machines but they put only 65 lakh," the police said.

The company officials came to know about misappropriation on August 1 after a mismatch of amount found during calculation of withdrawal and deposit amounts in the vault.

"We found the machines allotted to Manish and Satpal were receiving lesser amount than they were withdrawing from the vault," of Police (DCP) said.

During the investigation, the investigating team discovered that Manish and Satpal had withdrawn Rs 1.84 crore on July 27 from branch of SIS Cash Service, located in Garden. But the accused had replenished only Rs 65 lakh in 10 ATMs, the DCP said.

"They have misappropriated Rs 1.19 crore and not loaded in ATM kiosks. The accused did not stop here. They also visited some other ATM kiosks, opened them with the help of keys and passwords and further removed Rs 70,28,500," he said.

"Manish and Satpal have misappropriated a total sum of Rs 1,72,78,500," he said, adding that "we have recovered Rs 76 lakh from them so far".

Investigation is on to recover the rest of the amount, the DCP added.

--IANS

sp/nir

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, August 04 2018. 00:56 IST