Employees of pvt firm go missing with Rs 7.5 cr

Henrietta Strickland
May 15, 2017

A special investigation team has spread a dragnet in Mysuru district to nab the four persons who made away with Rs. 7.5 crore ATM cash that was supposed to be carried to Bengaluru from Mangaluru.

According to the case of breach of trust registered against the missing at Mangaluru City police station, the four persons had come in a Bolero vehicle to transfer Rs 7.5 crore from Axis bank brach at Yeyyadi to the same bank's branch at Koramangala, Bengaluru. While one team is headed by Mangaluru South Sub-Division Assistant Commissioner of Police Shruthi, the other team is headed by Kankanadi Inspector Kantharaju.

Sachin, in-charge of SIS Prosegur, Mangaluru branch, in his complaint, said the four personnel had failed to take the money to Koramangala or return it to the Yeyyadi branch.

The accused had arrived on Thursday at 8.30am at the bank's currency chest and had taken the cash. The huge amount of money was being transported to Koramangala branch of Axis bank from Yeyyadi branch in Mangaluru. Four employees of a logistics firm who were entrusted with the responsibility of transporting the money are also absconding.

The police are investigation the possible involvement of an assistant posted in the Bengaluru office of the firm because he is a relative of the two gunmen T.A. Poovanna and T.P. Basappa.

The Bolero auto in which the money was being ferried was later found abandoned near Hunsur in Mysuru district on Friday. Superintendent of Police Ravi D Channannavar visited the spot. Bheemayya had disappeared from Axis Bank on Thursday.The bank, in a statement, said: "Our cash transfer systems and processes are robust and fully compliant with existing regulations". Bank officials raised a complaint against the four persons with Prosegur-Holdings which in turn filed a police complaint.

The cash was being transferred by SIS Prosegur Holding Pvt Ltd, a cash transfer agency and the amounts being transferred were fully insured, it said. "Neither the van in question nor the staff involved belonged to the bank", the statement read.

Other reports by Click Lancashire

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