Kerala Police Recover Stolen Gold From Banks
Kerala Police Recover Stolen Gold From Banks
Kerala Police Recover Stolen Gold From Banks
News summary

In a significant operation, the CT-GST squad seized 80 kg of gold and 1 quintal of silver in Bhubaneswar, valued at around Rs 30 crore, from two containers near the airport. Meanwhile, a former bank manager, Madhu Jayakumar, was arrested for stealing 26.24 kg of pledged gold from the Bank of Maharashtra in Kozhikode, replacing it with imitation jewelry. The police have recovered approximately 4.6 kg of this stolen gold from multiple banks in Tiruppur, with ongoing investigations into the fraud, which amounts to Rs 17.5 crore. Evidence indicates Jayakumar was pawning the stolen gold and attempting to invest the proceeds. The investigation has revealed connections to other accomplices, and authorities continue to seek additional missing gold. As of now, no customers have reported missing gold, leading to speculation that the gold may belong to a single individual.

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