Latest news with #ShibinLal
Time of India
16-07-2025
- Time of India
Cops recover 39L out of 40L robbed sum
Kozhikode: In a significant breakthrough in the case of robbing Rs 40 lakh from a bank employee at Pantheerankavu near Kozhikode, police have recovered Rs 39 lakh of the swindled amount. Tired of too many ads? go ad free now The money, part of the amount robbed by accused Shibin Lal, was found packed in plastic and buried in a plot about half-a-kilometre from his house at Pallipuram near Pantheerankavu. The robbery took place on June 11 and Shibin Lal was arrested three days later. At the time of the arrest, only Rs 55,000 was recovered and Shibin Lal claimed to have handed over ₹45,000 to a third accused, Dinaranju alias Kuttappi. The second accused, Shibin Lal's wife Krishnalekha, and Kuttappi were arrested on June 23. Shibin Lal and Krishnalekha misled officials at ESAF Bank by claiming that they had gold worth Rs 40 lakh pledged at a private firm. They produced fake receipts and convinced the bank to give them Rs 40 lakh in cash to take over the pledged gold and mortgage at ESAF bank. The bank staff came to Pantheerankavu with the required cash to reclaim the pledged gold from the firm where he had pledged it. As the bank staff stepped out of the car, Shibin Lal snatched the cash from them and fled on a scooter parked nearby. Though Shibin Lal was interrogated twice after the incident, he consistently withheld the location of the remaining Rs 39 lakh. It was only during a third custodial interrogation that he confessed and revealed the location where he had buried the money. Police said shortly after the robbery that Shibin Lal switched off all three of his mobile phones. He set aside Rs 1 lakh for his expenses and secretly buried the remaining Rs 39 lakh in a private property, before escaping to Palakkad. Tired of too many ads? go ad free now Feroke ACP A M Siddique said the breakthrough came following a tip-off that someone had approached a private financial institution on Shibin Lal's behalf, asking whether a Rs 35 lakh one-time settlement could be made in lieu of an outstanding ₹80 lakh loan. Another lead came from CCTV footage in Kondotti area which showed Shibin Lal travelling without the bag. After that Shibin Lal was questioned again during which he revealed the actual location.
Time of India
15-07-2025
- Time of India
Pantheerankavu robbery: Cops recover Rs 39 lakh out of Rs 40 lakh robbed sum
Kozhikode: In a significant breakthrough in the case of robbing Rs 40 lakh from a bank employee at Pantheerankavu near Kozhikode, police have recovered Rs 39 lakh of the swindled amount. The money, part of the amount robbed by accused Shibin Lal, was found packed in plastic and buried in a plot about half-a-kilometre from his house at Pallipuram near Pantheerankavu. The robbery took place on June 11 and Shibin Lal was arrested three days later. At the time of the arrest, only Rs 55,000 was recovered and Shibin Lal claimed to have handed over ₹45,000 to a third accused, Dinaranju alias Kuttappi. The second accused, Shibin Lal's wife Krishnalekha, and Kuttappi were arrested on June 23. Shibin Lal and Krishnalekha misled officials at ESAF Bank by claiming that they had gold worth Rs 40 lakh pledged at a private firm. They produced fake receipts and convinced the bank to give them Rs 40 lakh in cash to take over the pledged gold and mortgage at ESAF bank. The bank staff came to Pantheerankavu with the required cash to reclaim the pledged gold from the firm where he had pledged it. As the bank staff stepped out of the car, Shibin Lal snatched the cash from them and fled on a scooter parked nearby. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 4BHK+Family Lounge+Utility room at 4.49Cr (All Incl)* ATS Triumph, Gurgaon Book Now Undo Though Shibin Lal was interrogated twice after the incident, he consistently withheld the location of the remaining Rs 39 lakh. It was only during a third custodial interrogation that he confessed and revealed the location where he had buried the money. Police said shortly after the robbery that Shibin Lal switched off all three of his mobile phones. He set aside Rs 1 lakh for his expenses and secretly buried the remaining Rs 39 lakh in a private property, before escaping to Palakkad. Feroke ACP A M Siddique said the breakthrough came following a tip-off that someone had approached a private financial institution on Shibin Lal's behalf, asking whether a Rs 35 lakh one-time settlement could be made in lieu of an outstanding ₹80 lakh loan. Another lead came from CCTV footage in Kondotti area which showed Shibin Lal travelling without the bag. After that Shibin Lal was questioned again during which he revealed the actual location.
NDTV
13-06-2025
- 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
11-06-2025
- 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.
