ATM fraud: 3 held by Punjab Police listed among accused

 The city police will include the three  persons arrested by the Punjab police among  the accused in the ATM fraud case. Assistant Commissioner Thomson Jose said that they would submit the report in the court later mentioning about the three arrested the other day by Mohali Cyber Cell CI Sanjeev Guru.

The investigation team of the city police will also look into the possibilities of taking over the arrested into custody for interrogation.

The arrested include Mona Jolly, an agent of a Delhi-based multi-level network marketing firm, Manindar Singh and Dinesh Rana, both collection agents of private banks.

Seven persons were arrested earlier in the case and the city police took six of them into custody for interrogation.



The gang had swindled crores of rupees from ATM counters in various parts of the country. They cheated nearly Rs 6 Lakh from ATM counters of various nationalised and private banks in Kollam. The city police had busted the gang in June.

The gang used to take advantage of a drawback of the ATM dispenser-cum-presenter technology and withdrew huge amounts of cash.

After withdrawing an amount using a forged ATM card, they would leave a portion of the notes in the dispenser-cum-presenter tray itself, resulting in reversal of transaction.

The transaction will stand cancelled and the dispensed amount won’t be deducted from the account. After the gang was busted, the technology was modified by the banks. ACP Thomson Jose said that arrested Mona Jolly helped the gang to obtain identity proofs of individuals, who were clients of the firm she was working with, to make fake accounts.  “It was understood that the two arrested private bank employees helped the gang secure ATM cards,” he said.