RS.8 Crore Cash Seized from Warehouse in Secunderabad: ATM Agency Under Investigation

NEWS CHARIOT:-In a dramatic turn of events, police raided an old warehouse in Secunderabad following a tip-off about suspicious activity. What they found inside left them stunned — bundles of cash amounting to more than ₹8 crore were stacked across the premises.

Acting swiftly on secret information, police teams conducted the raid and seized the unaccounted money. The cash was immediately transported to the police station for further verification and security. The discovery of such a massive sum in the heart of the busy Secunderabad area has caused a sensation among local residents.

Following a detailed investigation, authorities revealed that the cash belonged to a private agency responsible for depositing money into ATMs across the city. Officials stated that the agency had been facing internal issues, mainly the non-payment of salaries to its employees. As a result, the staff had been boycotting work for over a week.

Due to the ongoing strike, cash meant for ATM deposits accumulated in large quantities. Fearing consequences and unsure of how to handle the situation, the agency’s employees allegedly stored the money in the warehouse without informing the authorities or their management.

Police have since registered a case against the ATM agency for negligence and improper handling of such large sums of cash. Officials emphasized that stringent action will be taken to ensure accountability, especially given the sensitivity and importance of ATM cash operations in maintaining public financial services.

Locals expressed shock and concern over the incident, questioning how such a large amount of money could be hidden in a densely populated commercial zone without detection. The police have assured the public that all necessary measures are being taken to investigate the matter thoroughly and prevent similar occurrences in the future.The incident has once again highlighted the critical need for strict regulation and monitoring of private agencies entrusted with handling public money.

#Secunderabad #PoliceRaid #CashSeized #ATMScandal #BreakingNews #CrimeNews #HyderabadNews #MoneyLaundering #ATMAgency #TelanganaNews #CashRecovery #NewsUpdate #FinancialCrime #LawAndOrder #PoliceInvestigation