Armed Robbery at SBI Bank: €21 Million Cash and Gold Stolen
Armed robbers orchestrated a sophisticated heist at SBI bank in Karnataka, stealing ₹21 crore in cash and gold after restraining staff. Suspects fled toward Maharashtra in a vehicle with fake plates.
Police cordon outside SBI branch in Chadchan town, Karnataka, following ₹21 crore heist
In a brazen heist reminiscent of escalating security concerns across rural communities, armed robbers executed a sophisticated theft at a State Bank of India branch in Karnataka's Vijayapura district, making off with cash and gold valued at over ₹21 crore (approximately €23.5 million).
Sophisticated Heist Details
The incident, which occurred at 6:30 PM on Tuesday at the SBI branch in Chadchan town, involved three masked men who initially posed as potential customers seeking to open a current account. The situation quickly escalated, drawing parallels to organized criminal enterprises that exploit institutional vulnerabilities.
Method of Operation
- Perpetrators were armed with country-made pistols and knives
- Bank staff were systematically restrained
- Approximately 20 kg of gold ornaments were stolen
- Over ₹1 crore in cash was taken
Investigation Developments
Superintendent of Police Laxman Nimbargi revealed that the suspects utilized a Suzuki EVA vehicle bearing falsified registration plates. The investigation has identified Maharashtra as the likely escape route, specifically toward Pandharpur. This incident highlights the need for enhanced rural infrastructure and security measures in banking institutions.
"Further investigation is underway and all efforts are being taken to nab the suspects," stated SP Nimbargi.
Security Implications
This sophisticated heist raises serious questions about banking security protocols in rural areas and the need for enhanced surveillance systems. Local authorities have formed special teams to track down the perpetrators and recover the stolen assets.
Van Morrison
Irish journalist exploring the intersections of politics, culture, and identity across Ireland and the wider Celtic world.