Two Employees Vanish with ₹1.20 Crore Designed for ATM Deposits in Hyderabad
Synopsis
In a troubling development, two cash management employees have gone missing with a staggering ₹1.20 crore intended for ATM deposits in Hyderabad. Authorities are now on a manhunt to track them down. Discover the details of this unfolding case.
Key Takeaways
Two employees absconded with ₹1.20 crore.
CMS Info Systems Limited reported the incident to the police.
Police have initiated a manhunt and are analyzing evidence.
Cyber awareness campaigns are ongoing in the area.
Public urged to report fraud via the national helpline.
Hyderabad, April 12 (NationPress) - In a shocking incident, two workers from a cash management firm in Hyderabad reportedly absconded with Rs 1.20 crore that was destined for ATM deposits.
The Hyderabad Police received a complaint from CMS Info Systems Limited, highlighting that the two employees had been unaccounted for over the last two days.
Naveen, the branch manager in Secunderabad, informed the police that employees Vasireddy and Lateef had failed to show up for work and were unreachable via phone.
The SR Nagar police have initiated an investigation and formed specialized teams to locate the suspects.
The missing employees were responsible for depositing cash into various ATMs in the SR Nagar locality.
CMS Info Systems is tasked with collecting cash from different banks and ensuring it is deposited into the ATMs. An internal audit recently conducted at 31 ATMs in the SR Nagar area revealed a significant cash deficit amounting to Rs 1,20,98,500.
The audit uncovered that cash had not been deposited in at least eight ATMs. The unexplained absence of the two custodians has raised suspicions regarding their possible involvement.
A formal case has been filed at the SR Nagar Police Station, prompting the authorities to launch a manhunt for the fugitives. Police are currently reviewing CCTV footage and analyzing call data records to track down the suspects.
In a related effort, police in the Toli Chowki and Goshamahal areas are conducting a door-to-door campaign to raise cyber awareness.
This initiative aims to educate citizens and shop owners on recognizing phishing attempts and fraudulent phone calls, stressing the importance of safeguarding OTPs and personal banking information. Additionally, they are encouraging the use of the 1930 national cybercrime helpline for immediate reporting of financial fraud.
Another cybercrime awareness campaign was held within the jurisdiction of the Tolichowki Police Station, featuring a dedicated auto-rickshaw equipped with a public address system that traveled through key neighborhoods to share crucial safety tips against cyber fraud.
The campaign aims to alert citizens about the risks of clicking on suspicious links, protecting personal data and OTPs from fraudsters, and understanding the dangers associated with unauthorized remote access applications. Victims are urged to report any incidents of fraud via the 1930 helpline without delay.
Point of View
This incident raises serious questions about security protocols in cash management services. The failure of employees to fulfill their responsibilities and the subsequent financial loss highlights the need for stricter oversight and preventive measures within the industry.
NationPress
5 Aug 2026
Frequently Asked Questions
What amount did the employees allegedly abscond with?
The employees allegedly fled with ₹1.20 crore meant for ATM deposits.
Who lodged the complaint with the police?
The complaint was lodged by CMS Info Systems Limited.
How long were the employees missing before the complaint was filed?
The employees were missing for two days before the complaint was filed.
What actions have the police taken in response?
The police have registered a case, formed special teams, and are analyzing CCTV footage and call records to locate the suspects.
What is the purpose of the ongoing cyber awareness campaign?
The campaign aims to educate citizens on identifying cyber fraud and the significance of protecting personal banking information.
