Two employees of the firm and another person have been arrested in connection with the case, said the official.
The two accused Anil Kondaskar and Mayur Vichle worked for a firm, which acted as a facilitator between the bank and customers. They used to collect money from the firm's clients and deposit it in their bank account, said DCP Zone XII Kirankumar Chavan said.
The duo in connivance with their friends staged a plan to steal the money, said the official.
The employees then approached Aarey police station and lodged a complaint in this regard.
However, police found many loopholes in their version and started the probe suspecting the duo's role in the crime.
Upon sustained interrogation, Anil and Mayur confessed that they committed the crime in connivance with their friends Prasad Patil and another person, who is still absconding, the DCP said.
They were produced before a local court today which sent them to police custody till Monday.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
