CCS Police apprehended, Two Directors and the Manager of RCI Cash Management services and other six persons were involved in the multi-crore funds in siphoning scam.

Around 1.34 crore is recovered from accused by police who are identified as Sudeep Kumar and Pavan Kumar Gupta (directors), manager G. Nagaraju and other custodians K. Lokeshwar Reddy, K. Ajay Kumar, G. Praveen Kumar, and R. Pandu.

RCI Cash Management service had entered an agreement with an FSS company to restore cash at 116 ATM centres in twin cities Hyderabad and Secunderabad and also solve some technical problems machines said CCS DCP Mr. Avinash Mohanty.

The directors asked the custodians to adjust Rs 2.5 crore from ATM centres and move towards staff salaries and other expenses for maintenance as the company was running in loss.

FSS stopped placing cash indents and took all the ATMs ensured to RCI when RCI failed to renew their agreement in April 2016.