Pune police recover Rs 4.94 cr stolen from cash management firm

ST Correspondent
Sunday, 8 October 2017

Police officials said that Khedekar does not have a criminal record and that he was under debt. His son is a civil engineer, but is unemployed.

Pune: Within a week of Rs 4.94 crore being stolen by a driver of a cash management company, officials from Pune city police managed to nab him and recover the whole amount, including the vehicle, worth Rs four lakh.

On Saturday, the arrested accused, Narayan Baban Khedekar (52), a resident of Uruli Kanchan, was produced before a magistrate court, which remanded him to five days police custody.

Bank officer Ajit Vishnu Dhawan, a resident of Manjari, had lodged a complaint in this case at the Hadapsar police station, for an offence under section 381 of the Indian Penal Code (IPC).

According to police, Khedekar and two security guards were deployed on a cash van of ICICI Bank to deliver money to various ATM centres in the city on September 29. The incident took place between 8.10 pm and 8.50 pm in Sasane Nagar area in Hadapsar. While others were filling up cash in the ATM, Khedekar drove the van away, which was carrying Rs 4.94 crore.

Police officials said that the accused had switched off the GPS in the vehicle, as well as his phone, to avoid being detected. During investigations, cops learnt about another number of Khedekar, through which it was found that he was moving towards Karnataka.

“We contacted our Karnataka counterparts who caught Khedekar in Chitgaon,” said DCP (zone 4) Deepak Sakore. Later, DCP (Zone I) Basavraj Teli went to Karnataka and got Khedekar's custody. 

Police officials said that Khedekar does not have a criminal record and that he was under debt. His son is a civil engineer, but is unemployed.

Joint Commissioner of Police Ravindra Kadam said, “He had been working with the company for the last three years. When he fled with the van, he didn't know the amount it contained.” 

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