Money on the move proves easy pickings for ATM thieves

......The police point out that lack of security measures, violation of norms and negligence on the part of the security agencies had encouraged small-time thieves and gangsters to target such vehicles. The banks enter into agreements with the security agencies to transport cash and load it in the ATM counters. As per norms, the staff of the security agencies and those of the banks should carry the cash boxes. The security agencies have their own vehicles to transport cash, but sometimes hire private vehicles. “We have issued strict guidelines to the banks. The Reserve Bank of India (RBI) has also issued guidelines, but they have been neglected,”........

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