Hyderabad, Oct. 19 -- The Hyderabad police, with the assistance of the Rajasthan police, has arrested a 34-year-old man in connection with the theft of Rs 7.40 lakh from an Axis Bank ATM at Satamrai in Shamshabad. Four other suspects are absconding.

The arrested man, Rashid, alias Kakoo, alias Yousuf, alias Kake, a lorry driver from Rajasthan, is also allegedly involved in a car theft in Saidabad and a motorcycle theft in Pahadishareef. Police seized Rs 4,500 in cash, a Santro car, a Bajaj Pulsar motorcycle, a gas cutter and equipment, a gas cylinder and two mobile phones, collectively valued at Rs 1.84 lakh.

According to the police, the theft came to light in the early hours of October 6, when the Axis Bank Command Centre in Mumbai ale...