Two arrested for theft

HYDERABAD: An employee of a private money transfer firm and his associate, a degree student, were on Sunday arrested for theft of more than Rs 1.65 lakh cash from the firm a few days back.The theft took place in Weizmann Forex Limited branch at its IS Sadan extension counter at Edi Bazar Road on September 29.The two accused, Mohd Vikaruddin (23) and his associate Matheen, stole Rs 1.62 lakh cash, Rs 2,780 soiled notes, cheques of SBI and cancelled cheques from company's locker.Vikaruddin was the incharge of the branch.Santosh Nagar ACP M Kistaiah said, Vikaruddin has been misappropriating company's funds since the past few days whenever he was in need of money. On September 20, he took away Rs 20,000 of the company's money and used it for his personal work.The ACP said, Vikaruddin with his aide went to the office, stole the amount and left the locker unlocked to create an impression of miscreants broke open it.Police nabbed him and his aide.