Unidentified, armed criminals stormed into a branch of the Manappuram Finance Company here on Thursday and fled with 15 kg of gold bars, biscuits and coins after threatening the employees there, police said.
The gold is estimated to be worth Rs 5 crore.
Senior police officials, including Inspector General of Police Ram Kumar visited the crime scene and took first hand account from the staff.
According to police, the motorcycle-borne criminals came to the Begumpul branch of the firm, which gives loans on gold, at around 7 p.m. and threatened manager Sachin Tomar at gun point and also hit him on the head with a pistol butt. They also tied up two women staffers before fleeing with the gold.
Police is trying to locate the criminals as the bag in which they took away the loot has a tracker, a police official told IANS.
--IANS
md/vd
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app