Unidentified thieves broke open an ATM in Phoolpada in Virar-East yesterday, using gas cutters and decamped with over 17 lakh.
The incident came to light after morning walkers saw the damaged ATM and informed the Virar police about it.
Police are examining footage from the ATM and surrounding CCTV cameras to nab the culprits.
A similar modus operandi was observed in February, when thieves broke into SBI's ATM at Sativali in Vasai-East using gas cutters and looted over 20 lakh.