Gold worth ₹8-10 crore, cash looted from finance firm in Cuttack

Four persons, with helmets and thick cloth around their neck, entered IIFL’s Nayasadak branch and robbed it.

November 19, 2020 03:10 pm | Updated 03:10 pm IST - BHUBANESWAR

In a major robbery of a financial firm, miscreants decamped with gold ornaments worth ₹8 to ₹10 crore from India Infoline Finance Limited (IIFL), a gold-loan leasing company, in Cuttack on Thursday.

Four persons, with helmets and thick cloth around their neck, entered the IIFL’s Nayasadak branch and started giving instructions at gunpoint. As it was the opening hours, there were few customers. The criminals executed the crime in 10 to 15 minutes.

“They took away cash around ₹4.30 lakh and gold worth ₹8 to Rs. 10 crore. Only a few packets containing gold are lying inside the bank. The exact worth of gold would be known once the audit report is tallied,” said Satya Pradhan, IIFL manager.

Cuttack Deputy Commissioner of Police Prateek Singh told reporters that four robbers had come by bikes and fled the spot after filling bags with gold ornaments. “A special team has been formed to nab the culprits. We are examining CCTV footages,” he said.

In February last, robbers looted about 30 kg of gold worth ₹12 crore from an IIFL branch in Ludhiana.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.