A cash-loading company in Indore, Madhya Pradesh, has been hit by a fraud of nearly Rs 40 lakh after two of its own employees siphoned off the money in small amounts while loading cash into ATMs. What makes the case more startling is that both accused lost the entire stolen amount in online betting. Police have arrested both men.
How the Rs 40 lakh scam unfolded
Both employees worked for a CMS company responsible for loading cash into ATMs across the city. Investigators found that the two had developed an addiction to online betting, and this habit eventually pushed them toward crime. Each time they loaded cash into an ATM, they would quietly pull out a small portion of it so that no one would notice immediately. Over time, these small thefts added up to nearly Rs 40 lakh.
Audit exposes the shortfall
The fraud came to light when the company carried out a routine audit and found a shortfall of nearly Rs 40 lakh in its accounts. Following this discovery, the company's management filed a complaint with the police.
Lasudia police station makes the arrests
Acting on the complaint, police at Indore's Lasudia police station launched an investigation and arrested the two CMS company employees, identified as Abhishek Rajput and Deepak. During questioning, both accused confessed to the crime. They told police they had become addicted to online betting and had put the entire embezzled amount into betting, where they kept losing. Police are continuing to question the accused and are also probing the online betting network the two were involved with.
Recovering the money remains the biggest hurdle
The biggest challenge for police now is recovering the embezzled funds, since the accused have already lost the money in betting. Indore ACP Parag Saini said that Rs 2 lakh has been recovered so far, while efforts are underway to recover the remaining amount. According to ACP Saini, both accused were deeply involved in online gaming and betting, and they gradually siphoned off nearly Rs 40 lakh before losing it all in online betting. He confirmed that both accused have been arrested and questioning is ongoing, with legal action being pursued in the case.
