Hassan: A massive financial irregularity has surfaced in a private company responsible for replenishing ATMs in Hassan district, with over Rs 3.40 crore reportedly misappropriated. The fraud came to light during a routine monthly audit conducted on February 18 and 19.
Following the findings, an FIR has been registered at the Hassan Rural Police Station against two employees accused of embezzling funds by allegedly creating fake deposit records.
The accused, identified as Nandish B.L and Madhukumar M.P, were responsible for depositing cash into multiple ATMs across Hassan city. According to the complaint, they allegedly falsified documents to show that cash had been deposited into 18 ATMs, while the money was never actually loaded.
The affected ATMs reportedly include:
11 ATMs of Canara Bank
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3 ATMs of the State Bank of India
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1 ATM of Bank of India
Police said the total amount misappropriated stands at approximately Rs 3 crore 40 lakh 28 thousand.
The complaint was lodged by Raju, manager of the Hassan branch of CMS (Cash Management Services), alleging that two staff members generated fake documentation indicating deposits into various ATMs without actually loading the cash.
Based on the complaint, the Hassan Rural Police registered an FIR and initiated an investigation.
The incident has raised concerns among the public, especially as similar cases of ATM-related fraud have been reported in different regions in recent times. Authorities are now verifying transaction logs, CCTV footage, and internal audit trails to determine the full extent of the misappropriation.
Further investigation is underway, and officials are expected to take strict action based on the findings.
