Hyderabad ATM Theft | Hyderabad, Oct. 20: Hyderabad police have arrested a 34-year-old man from Rajasthan in connection with the theft of ₹7.40 lakh from an Axis Bank ATM at Satamrai in Shamshabad. Four other suspects remain absconding.
The Shamshabad Zone Task Force arrested Rashid, also known as Kakoo, Yousuf and Kake, with assistance from Rajasthan Police. The theft occurred in the early hours of October 6, police said.
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According to police, the bank’s command centre in Mumbai alerted its Satamrai branch at around 3.28 am about suspicious activity. Officials later found that the ATM had been cut open using a gas cutter.
The suspects allegedly sprayed paint on CCTV cameras and disconnected the alarm cable before removing ₹7.40 lakh from the machine.
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Investigators said Rashid and another suspect, Shamshuddin, had travelled to Hyderabad about a month before the theft. They allegedly brought gas-cutting equipment and spray paint in a truck and concealed the items in bushes in Pahadishareef.
Rashid later returned with three associates, identified as Sohail, Faizan and Rehan, police said. The group allegedly retrieved the equipment and stole a motorcycle and a car to facilitate the operation.
After targeting the ATM, the suspects allegedly fled towards Patancheru and abandoned the car. They then travelled towards Rajasthan before separating and returning to their respective locations, according to the police account.
Police traced Rashid using technical analysis and call detail records. During questioning, he allegedly told investigators that he received ₹90,000 as his share of the stolen money and had spent ₹85,500.
Police seized ₹4,500 in cash, a Santro car, a motorcycle, a gas cutter, a gas cylinder and two mobile phones. The total value of the seized property was estimated at ₹1.84 lakh.
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The four other suspects remain at large. Police have formed special teams to trace them, and further investigation is underway.
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