Assistant Manager of nationalised bank arrested for stealing ₹4 crore worth pledged gold to fund online betting

3 months ago 1
ARTICLE AD BOX
The accused has been arrested, and astir  1.2 kilos of golden  has been recovered truthful  far. File representation  utilized  for practice   only.

The accused has been arrested, and astir 1.2 kilos of golden has been recovered truthful far. File representation utilized for practice only. | Photo Credit: Getty Images/iStockphoto

The adjunct manager of a nationalised slope has been arrested for allegedly stealing astir 2.7 kg of golden valuables from the slope lockers belonging to the customers astatine the bank’s Girinagar subdivision successful Bengaluru and pledging them to usage the proceeds for online betting and gambling.

The accused, identified arsenic Kiran Kumar, 34, allegedly misused his entree to the locker keys and, during the lack of the subdivision manager, began siphoning disconnected tiny quantities of pledged golden implicit a play of time.

In 21 packets

The fraud came to airy connected January 2 erstwhile customers visited the Indian Bank subdivision to retrieve their pledged gold. During a verification of lockers, discrepancies were noticed successful respective packets. A elaborate inspection revealed that golden ornaments were partially missing successful 21 packets and wholly missing successful 3 packets.

Preliminary probe recovered that 2,783 grams of gold, valued astatine astir ₹4 crore, had been stolen.

During interior inquiry, Kiran Kumar allegedly confessed to the crime. Police said helium pawned the stolen golden astatine antithetic shops and utilized the wealth for online betting and gambling activities.

Partially recovered

Based connected a complaint, a lawsuit has been registered astatine the Girinagar Police Station. The accused has been arrested, and astir 1.2 kilos of golden has been recovered truthful far. Efforts are underway to retrieve the remaining golden valuables arsenic the financiers are not cooperative and the constabulary volition attack the tribunal acrophobic to get indispensable directions successful this regard, officials said.

DCP, South Division, Lokesh B. Jagalsar, requested slope customers to cheque their valuables from the lockers and deposits periodically to debar specified frauds.

Published - February 14, 2026 06:10 p.m. IST

Read Entire Article