In a Cash Heist-inspired theft, financial institution official loots Rs 34 cr; arrested

Mumbai Police has arrested ICICI Financial institution’s money custodian supervisor for siphoning off Rs 34 crore from a financial institution’s money chest from Pune.

Altaf Shaikh, the mastermind, labored as a money custodian supervisor on the ICICI Financial institution in Mumbai’s Dombivali, revealed the sources from the police division. Additionally they mentioned that round Rs 9 crore was seized, quoting the police officers.

Shaikh, who as money custodian supervisor was effectively conscious of the safety techniques put in within the financial institution, was reportedly impressed to steal from the financial institution’s chest after watching the net collection Cash Heist.

In line with the experiences, Shaikh took the assistance of his three associates, together with his sister, Niloufer, to maneuver the money from the financial institution to a rented place at Taloja in Navi Mumbai.

They executed the heist via an air con duct within the wall, it added. The heist was executed on July 9 on a financial institution vacation.

Police officers, within the investigation, discovered that Shaikh noticed the air con duct open throughout repairs a couple of months again and noticed that it might be used for theft.

As per the report, Shaikh disabled the alarm techniques and eliminated all of the exhausting drives of the CCTVs earlier than executing the heist via the air con duct.

Shaikh later knowledgeable the financial institution that the CCTV recordings have been stolen and filed a police grievance concerning the lacking money. He handed greater than Rs 12 crore to his accomplices and took the remaining money to the rented room in Taloja along with his sister.

In line with the sources, the case took almost almost three months to crack.

Senior Police Inspector Shekhar Bagade, mentioned, “We discovered that the rented room was within the title of Shaikh and his sister Niloufer and primarily based on the main points discovered throughout the investigation, it was discovered that Shaikh was the mastermind behind the theft.”

(With Inputs from Mithilesh Gupta and Divyesh Singh)