Malad police exposes a massive interstate bank fraud
A CCTV footage captured suspicious activity at a Malad ATM in Mumbai, revealing a huge fraud where two accused looted several banks across the country. The accused were found tampering with the ATM machines such that it displayed ‘Techincal Error’ but still dispensed cash.
According to the Malad police, the Hitachi Payment Services Pvt. Ltd company that manages ATM centres of various banks across the city, noticed the suspicious activity by two men. The company filed a complaint and a case was registered at Malad Police Station.
The Malad police obtained the CCTV footage of the ATM, and sent it to the suspicious areas. The suspects were then caught from a hotel in Andheri West. The police seized a sum of Rs 29,500 and 68 original ATM cards from various banks from their possession.
Senior Police Inspector Ravindra Adane, said, “The accused would find ATMs without watchmen, and they would insert their ATM card, as the cash would come out, they would quickly take it out and switch off the electric connection of the ATM machine. This would show a technical error in the transaction and they would complain to the customer care of the bank saying they did not receive the money - the bank would reimburse the amount back to their account within 3-4 working days.”
The fraudsters collected 68 ATM cards from known persons in their village and kept making such fraudulent transactions. Police suspect that the villagers are also involved in the crime, as they would possibly share the profits. The police are yet to identify the total amount the accused must have siphoned from the banks.
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