Jammu and Kashmir Police on Saturday claimed to have arrested four persons allegedly involved in looting over Rs 23 lakh from an ATM at Gole Market Karan Nagar.
A spokesman, in a statement, said that Karan Nagar police station had received a complaint from SBI Gole Market Karan Nagar alleging that an ATM machine of the bank has been stolen along with cash during the intervening night of 05/06-02-2018.
The complainant said that 23, 34, 500 rupees were stolen from the ATM.
"On this a case FIR No. 06/2018 under section 457, 380 RPC was registered in Police Station Karan Nagar and investigation was taken up," said the spokesman.
"During the course of investigation, police busted the gang of ATM machine thieves from Srinagar," he said, adding four accused were so far arrested.
"On their disclosure, two vehicles which were utilized for the theft of ATM machine by the said accused persons were seized," he said.
"Further more arrests and recoveries are expected. Important to mention here is that, it is a gang which has been orchestrating organized crime of ATM looting in many parts of the valley, including Srinagar city. Their involvement in similar thefts of ATMs is suspected and being investigated."