In a daring act of burglary in the city's prime commercial hub, unidentified persons reportedly looted 40 kilograms of gold jewellery and Rs.3 lakh in cash from a jewellery shop on the N.S.B Road on Friday night.

Three special teams have been constituted to probe the grave offence that took place in the jewellery shop that is situated next to the police outpost on the busy N.S.B Road where a surveillance camera has been installed atop a post close to the jewellery shop.

The value of the stolen property has been put at Rs. 11 crore. The shop is run by five brothers with one among them S. Panna Lal (50) being the complainant.

The crime came to light on Saturday morning when Panna Lal who came to open the shop noticed that the locks in the shop's main shutter were different from the ones that were used the previous night while closing it. An alert was immediately sounded to the local police who broke the locks.

Police sources said gold jewellery which were kept in four racks were stolen along with cash. The shop employs 18 workers. The Inspector General of Police, Central Zone and Commissioner of Police (in charge) K.C. Mahali accompanied by senior city police officers inspected the crime scene and conducted enquiries.

Finger print experts inspected the crime scene and lifted some prints from inside the shop. A sniffer dog was brought to the crime scene to track the route taken by the culprits, police sources said adding that six chance prints had been lifted from the shop.

The shop did not have a security guard and the camera installed inside did not work as the power supply had been switched off when the shop was closed on Friday night. The fort crime police have registered a case.