The robbery took place at Bank of Baroda's branch in Juninagar area of neighbouring Navi Mumbai between Saturday and Sunday, a senior police official said today.
The accused had rented a shop adjoining the branch since May. They dug a 25-feet long tunnel to reach the locker room, the official added.
According to the police official, the robbers used the tunnel to reach the bank and walked away with valuables stored in 30 of 225 lockers, worth Rs 40 lakh.
"We are examining the CCTV footages. Even though the exact valuation of the looted items is yet to be ascertained, it appears that valuables worth Rs 40 lakh have been stolen," he added.
"A case under relevant sections of the IPC has been registered at the Sanpada police station," Navi Mumbai Police Commissioner Hemant Nagrale said, adding a probe is on.
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
