Armed men loot 15kg gold & Rs 5L cash from Jabalpur fin bank
They fled on motorcycles within 20 minutes of entering the branch.
The gang struck at 8.50 am, just as the bank opened after a two-day closure for Raksha Bandhan and Sunday.
Three men with helmets entered the branch, where only four employees were present, and held them at gunpoint. They marched the staff to the strongroom, stuffed gold ornaments and cash into bags, and handed them to two waiting accomplices outside on motorcycles.
By 9.10 am, they were speeding towards Jabalpur via the highway.
The entire modus operandi of the robbery execution draws parallels with the sensational 2022 Katni gold loan branch heist when 16 kgs of gold was robbed in a similar fashion which was orchestrated by a jailed don from Bihar.
Sources said the looted gold weighs about 15 kg, though police have not officially confirmed it. SP Jabalpur Sampat Upadhyay told TOI: "The exact quantity of gold or cash looted is being verified.
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CCTV footage from the bank and nearby areas are being examined. We have important leads, and the accused will be arrested soon."
The branch had no security guard, making it a soft target. Sources say the timing and execution — hitting a branch without guards, right after holidays when roads are relatively empty — mirror the Katni robbery on November 26, 2022. In that case, masked gunmen stormed the Manappuram Gold Loan branch in Bargawan and looted 16 kg of gold and Rs 3 lakh in minutes.
The former Katni SP S K Jain, now DIG Chambal range, said, "The said gang operates in a compartmentalised manner, with members often not knowing each other are assigned tasks. The don from inside jail, assigns different roles— some for recee, some for the actual heist, and others for transporting and hiding the loot. Gold is quickly passed on to other members to prevent recovery in case of arrest."
The modus operandi in both cases sounds similar, say sources, like choosing day after a holiday for executing the robbery, targeting branches without security guards and ensuring swift disposal of loot.
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