Latest news with #AkshayaFinanciers
Time of India
a day ago
- Time of India
37-year-old arrested for stealing Rs 40 lakh from bank employee in Kozhikode
Kozhikode: A 37-year-old man has been arrested for allegedly stealing a bag containing Rs 40 lakh from a bank employee at Pantheerankavu 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. Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
Time of India
3 days ago
- Time of India
Bank employee robbed of Rs 40 lakh in Kozhikode
Kozhikode: An employee of a private bank was allegedly robbed of Rs 40 lakh at Pantheerankavu in Kozhikode on Wednesday afternoon. The suspect identified as Shibin Lal from Pallippuram, reportedly fled on a scooter after snatching a bag containing the cash from a staff member of ESAF Bank at Ramanattukara. According to police, Lal had approached the bank, claiming he pledged gold at Akshaya Financiers at Pantheerankavu and requested help with cash to take the pledged gold and repledge it in the bank. Acting on his request, Aravind, a bank employee of the ESAF Bank reached Akshaya Financiers at 1.30pm with Rs 40 lakh in cash. The accused allegedly grabbed the bag containing the cash and fled. A subsequent investigation at the private financing firm revealed that Lal did not pledge any gold there and had fabricated documents to mislead the bank staff. Police have launched a manhunt. A special squad led by Farook ACP A M Siddique along with Panthirankavu police is conducting the investigation. Efforts are also underway to determine if Lal has any past criminal record.
