6 months ago
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In transportation with the misappropriation of 8.25 kg of pledged golden jewellery, the police, connected Tuesday (October 28, 2025), arrested the operator of the Erode Cooperative Urban Bank Limited for his relation successful the crime.
During an inspection of records, officials from the bank’s caput bureau recovered discrepancies betwixt the pledged golden and the corresponding indebtedness records. On October 25, a ailment was lodged with the Erode Government Hospital constabulary presumption stating that 269 bags containing pledged jewellery were missing, and the relation of jewellery appraiser P. Ramesh Kumar (42) of Rangampalayam was suspected.
The adjacent day, Ramesh Kumar surrendered earlier the police. During inquiry, the constabulary recovered 8,450 grams of stolen jewellery. Further probe revealed that the bank’s manager, B. Kathiravan (55) of Moolapattarai, was besides progressive successful the misappropriation. Both were arrested and remanded successful judicial custody.
During interrogation, the duo reportedly disclosed that the bank’s driver, K. Senthil (38), had besides taken portion successful the theft. A two-wheeler utilized for transporting the jewellery was seized. On Tuesday, the constabulary arrested Senthil, produced him earlier the court, and lodged him successful prison.
