₹20 Crore Gold and Cash Stolen in Bold Karnataka SBI Heist

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Armed Heist in Chadachan: A Daring Bank Robbery

Bengaluru has recently witnessed a remarkable bank robbery that raises serious concerns about security in the region. In a brazen act, a group of armed men clad in military-style uniforms stole gold jewelry valued at ₹20 crore and ₹1 crore in cash from a State Bank of India (SBI) branch located in Chadachan, Karnataka. The incident unfolded on a Tuesday evening, sending shockwaves through the local community.

The Heist: An Overwhelming Assault

Reports indicate that three masked individuals entered the SBI branch, brandishing firearms. In a rapid and aggressive takeover, they overpowered the bank staff, binding the manager and employees with plastic ropes before imprisoning them in a toilet facility. Customers present during this chaotic scenario were also restrained, creating an atmosphere of fear and helplessness.

With the manager held at gunpoint, the robbers demanded access to the vault. “Take out the cash, otherwise I will kill you,” one of the perpetrators allegedly threatened, forcing the staff to comply and open the gold locker. Within a matter of minutes, bags filled with precious gold ornaments and cash were hastily loaded into their getaway vehicle.

The Getaway: A Twist of Fate

After executing their plan, the robbers made their escape in an Ecco van that sported a fake number plate. They sped away towards Pandharpur, located in the Solapur district of neighboring Maharashtra. However, their getaway took an unexpected turn when their van collided with a two-wheeler, leading to a heated argument with onlookers. This confrontation drew unwarranted attention and forced the robbers to abandon their vehicle. Despite this setback, they managed to escape with the looted goods before authorities arrived on the scene.

Police Response: A Coordinated Effort

In the aftermath of the robbery, Superintendent of Police Lakshman Nimbargi and other senior officials promptly arrived at the scene. A formal case has been registered, and a collaborative search operation is underway, involving police forces from both Karnataka and Maharashtra in a bid to apprehend the culprits.

“The accused utilized an Ecco vehicle with a fake number plate to execute their crime. After the collision with the two-wheeler, they absconded with the loot,” SP Nimbargi stated. Law enforcement is currently reviewing CCTV footage from both the bank and surrounding areas while establishing checkpoints throughout nearby districts to track the suspects.

A Calculated Crime: Investigating the Planning

Officials believe that the robbery was not a spur-of-the-moment act but rather a carefully orchestrated crime. There are growing suspicions that the gang may have conducted reconnaissance on the bank prior to the heist. Investigators are looking into potential local accomplices or insider information that may have facilitated the robbery.

Security analysts emphasize that this incident reveals significant vulnerabilities in the security structures of smaller town banks. While armed robberies may not be frequent, the risks can heighten when physical security measures are weak or insufficient.

In the wake of this alarming event, customers of the SBI branch have voiced their concerns regarding the safety of their deposits and valuable items. In response, SBI officials have assured that all customer assets are insured, and measures are being taken to bolster public confidence in the bank’s security protocols.

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