SBI employee booked for siphoning Rs 23 lakh from ATM cash reserves In Hyderabad

An employee of the State Bank of India branch at Yousufguda has been booked for allegedly siphoning off Rs 23 lakh from ATM cash reserves and falsifying records to cover up the fraud.

Based on a complaint filed by Chief Manager Kiran Kumar, Madhura Nagar police registered a case against the



suspect Yadagiri Reddy and began an investigation.

The alleged misappropriation of funds reportedly came to light during the installation of a new ATM in place of an old one at the branch.

The police suspect the suspect manipulated cash accounts after diverting the money.