mumbaiUpdated: Jan 02, 2020 06:55 ISTA custodian of a cash transfer van tasked with depositing money in ATMs across Navi Mumbai allegedly stole Rs 3.96 crore over two days from 35 machines. Koparkhairane police recently booked the accused, Sachin Wagh, for allegedly misusing the security key and password of the ATMs and stealing money with the help of unknown bank officials. As per protocol, after the money is collected from the vault officer and loaded in the van, the second custodian, who has the password, opens the ATM with the senior custodian, in possession with the key card. The senior custodian then updates the transaction on the bank’s server via an online system apart from maintaining a physical entry. After the regional manager at their Goregaon office was informed of Wagh’s non-attendance at work on December 26, the second custodian Prasad Parab went to look for him at his house.

Source: Hindustan Times January 01, 2020 19:41 UTC