Vijayapura Superintendent of Police Laxman Nimbargi said that the robbers reportedly used a Suzuki vehicle with a fake number plate and fled towards Pandharpur in Maharashtra
On October 28, 2024, after a long weekend, when bank officials walked into the branch, they found the strongroom locker broken: the burglars had used a gas cutter to slice their way into the vault
The stolen cash and gold ornaments worth Rs four crore have been recovered, and four people have been arrested in connection with the Kotekar Co-operative Bank robbery, police said on Monday. Mangaluru Police Commissioner Anupam Agarwal lauded the efforts of the police team in solving the case. According to officials, on January 17, four masked and armed individuals looted the bank, making off with cash and gold jewelry. Investigators pointed out that lapses on the bank's part, including CCTV cameras being under maintenance and the master locker being left open, contributed to the ease with which the offenders carried out the robbery. Addressing a press conference here, the senior police official said,"All the 18.3 kgs of gold and 3.8 lakh in cash and armaments and lethal weapons, the getaway car, and two fake number plates were recovered in roughly a week. We lost no time in tracking the culprits. We have arrested four accused, and hunt is on for four more people involved in the .
These thefts, amounting to millions of dollars, accounted for about one-third of the cash stored in now inaccessible vaults in Gaza
Police authorities have deployed two teams to track the robbers