ATM Cash Management Firm Employees Flee with Rs 1.38 Crore in Bengaluru
In a significant financial crime incident in Bengaluru, employees of an ATM cash management firm have allegedly fled with a substantial sum of Rs 1.38 crore. The case has sent shockwaves through the city's financial and corporate sectors, highlighting vulnerabilities in cash handling operations.
Police Investigation and Suspected Modus Operandi
According to police sources, the group is suspected to have operated in two separate teams, suggesting a coordinated and premeditated effort. This dual-team approach may have been designed to complicate detection and enhance the chances of a successful heist. Law enforcement authorities are currently piecing together the sequence of events and the roles played by each individual involved.
FIR Registration and Complainant Details
Both the First Information Reports (FIRs) were officially registered on January 19, 2026. The complaints were filed by representatives of Hitachi Payment Service Private Ltd, the firm responsible for ATM cash management services. This development points to internal breaches within the company's operational framework, raising questions about employee vetting and security protocols.
The incident underscores the critical need for robust internal controls and regular audits in cash-intensive industries. As the investigation progresses, authorities are likely to delve deeper into the backgrounds of the accused employees and any potential lapses in supervision.
This case serves as a stark reminder of the financial risks associated with cash logistics and the importance of implementing stringent security measures to prevent such occurrences in the future.
