Police arrested Rashid in connection with the alleged theft of Rs 7.40 lakh from an Axis Bank ATM at Satamrai, Shamshabad, on October 6. Investigators said the gang used a gas cutter, stole vehicles and fled to Rajasthan. Four suspects remain absconding.
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Hyderabad: The Task Force, along with Shamshabad Police and Rajasthan Police, arrested Rashid alias Kakoo alias Yousuf alias Kake (34) in connection with an Axis Bank ATM theft and vehicle thefts reported earlier this month.
Four other suspects are still absconding.
According to the police, the suspects allegedly broke open an Axis Bank ATM at Satamrai in Shamshabad using a gas cutter on October 6 and stole Rs 7.40 lakh. They reportedly spray-painted CCTV cameras and disabled the alarm system before committing the theft.
Police said the gang also stole a motorcycle and a car to facilitate the crime. After the theft, they fled and abandoned the car at Patancheru before travelling through several locations to Rajasthan.
Based on technical analysis and call detail records, the Shamshabad police traced and arrested Rashid at Gollapally X Roads in Shamshabad. Police said he had allegedly received Rs 90,000 as his share of the stolen money and spent Rs 85,500.
Efforts are underway to trace and nab the absconding suspects at the earliest.
