37-year-old arrested for stealing Rs 40 lakh from bank employee in Kozhikode
Police arrested M Shibin Lal, a resident of Kaipalam, from Palakkad on Friday.
The incident occurred last Wednesday outside Akshaya Financiers, a private financial firm, in Pantheerankavu, where Shibin snatched a bag containing the money from a staff member of ESAF Small Finance Bank and fled on a scooter.
Shibin had approached the ESAF bank branch seeking money to reclaim gold pledged at another financial institution. After opening an account at the bank, the employee came to Pantheerankavu with the requested cash.
As soon the bank employee stepped out of the car, the accused snatched the cash from them and fled on a scooter parked nearby at 1.30pm.
Police had found that the accused had fabricated the story of him having pledged gold and had misled the bank employee using forged documents. According to police sources, efforts were on to recover the stolen money.
Based on CCTV footage and mobile tower locations, police found that he had travelled from Thrissur to Palakkad. He was nabbed by a team led by Pantheerankavu SHO K Shaju and SI R Prashanth.
During interrogation, the accused claimed that the bag contained only Rs 1 lakh. Police recovered Rs 55,000 and three mobile phones from him at the time of arrest. Police suspect he may have handed over the remaining money to someone else.
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