Latest news with #ShibinLal
NDTV
2 days ago
- NDTV
Man Who Snatched Rs 40 Lakh From Kerala Bank Staff, Taken Into Custody
Kozhikode: A man, who was on the run for the past two days after snatching Rs 40 lakh from the bank staff, was taken into custody from near here by a team of Kerala Police on Friday. The accused was identified as Shibin Lal. Even though Lal is in police custody, the money has not been recovered yet. The incident took place on Wednesday, when Lal asked the local branch of ESAF bank that he wished to re-pawn his gold jewellery, held at a local cooperative bank here. According to the bank rules, they provide loans on the collateral security of gold and also take over gold loans held at other financial institutions. Lal thus convinced the ESAF bank staff to take over his gold pledged at a private financial institution in Kozhikode itself. As per the ESAF rules, when their officials carry cash to give to other banks, for every Rs 10 lakh, there should be two of their staff members who accompany it. Likewise, eight ESAF bank officials with Rs 40 lakh arrived at the private financial institution. Lal said just two officials needed to come into the office, and when they were walking towards it, in a flash, he snatched the bag containing the money and drove away on his two-wheeler. Soon, the police arrived, and the search began for Lal. A day later, the two-wheeler Lal used for the crime, a rented one, was found abandoned. On Thursday, the local police called in all the ESAF bank officials who had gone with the money and took statements from them. After picking up Lal, the police have started questioning him, and they are expecting that they will be able to recover the money that was stolen. Later in the day, the police are expected to produce Lal before a local court.
Time of India
4 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.
