While above Rs 50 lakh was looted from the Beheramal branch of Bank of India in Jharsuguda town at around 2 PM, three persons took away about Rs 5 lakh from the UCO Bank at Motanga in Dhenkanal district, they said.
Both incidents took place between 2 PM to 3 PM, the police said adding about six-seven armed and masked persons came on motorcycles and entered the BOI at Jharsuguda.
Armed with pistols and knives, they first overpowered bank employees and put them inside a room before taking away cash from both the counter and the strong room, said Khirasagar Nayak, Inspector In-charge of Jharsuguda police station.
The Police have sealed all exit points of the industrial town to prevent the miscreants from escaping.
In another incident, above Rs 5 lakh cash were looted by three miscreants from UCO bank, Dhalapur branch, in Dhenkanal district at gun point.
"Two of a three-member group entered the bank and threatened the employees at gun point. They left the place after the crime. However, the police have recovered Rs 1 lakh from near the bank building," said Nikhil Kanodia, SP, Dhenkanal.
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
