Staff Reporter

Robbers sneak into a bank in Gudur through a window

Decamp with gold but do not touch Rs. 10 lakh cash

WARANGAL: Gold ornaments worth over Rs. 1 crore were stolen from the Gudur branch of the Andhra Bank, about 70 km from here, by unidentified miscreants late on Tuesday night.

The theft created a commotion in the district and anxious customers in Gudur gathered near the bank branch which is located close to the bus stand. Police and bank officials from the district headquarters rushed to the branch and were conducting investigations. Dog squads and Clues teams were pressed into service to nab the culprits.

Grill removed

They gained entry into the bank by removing the grill of a window on the rear side of the bank and broke open the safe which contained the gold ornaments. However, they did not touch Rs. 10 lakh in cash lying in another safe.

Superintendent of Police Shah Nawaz Qasim told reporters that the bank branch did not have an alarm nor a strong room. “The police cautioned bank officials on two occasions earlier to take extra precautions, sensing trouble. But the bank officials did not bother to build a strong room or appoint a night watchman as per our instructions,” he said. Speaking to The Hindu, the Andhra Bank deputy general manager N Bharat Bhushan Reddy said gold ornaments pledged against loans worth over Rs 1 crore were stolen. “The actual assessment is yet to be made. There are about 243 gold loans with a liability of Rs 65 lakh,” he explained.

On SP's observations, Mr Bharat Bhushan Reddy said the gold and cash with the bank were kept in a safe and insurance coverage provided. With regard to safety precautions, he said they strictly followed all instructions .