Srikakulam: Police Recover Rs 4.7 Crore in Stolen Gold Jewelry from State Bank Branch

by time news

2023-12-10 20:32:00
Gold jewelry worth Rs 4.7 crore recovered from SBI branch, 7 arrested

Srikakulam: In a shocking turn of events, police in Andhra Pradesh recovered gold jewelry worth Rs 4.7 crore from a State Bank of India (SBI) branch in Gara, Srikakulam district. This discovery comes after 7 kg of jewelry kept in a bank locker went missing last month, sparking a widespread investigation.

The investigation revealed that Swapna Priya, an assistant manager at the SBI branch, was involved in the theft. Unfortunately, Swapna Priya committed suicide while the investigation was ongoing. Following her tragic death, the police intensified their efforts and arrested seven individuals, including bank employees and workers from private financial institutions.

Among those arrested are the bank’s deputy manager, Swapna Priya, and bank cashier, Munji Suresh, who are believed to be the masterminds behind the incident. It was also disclosed that Swapna Priya had stolen the jewelry from the locker and gave it to her brother. Shockingly, the cashier, Munji Suresh, is currently on the run and the police are actively searching for him.

The branch in Gara had more than 2,400 people from the area who had pawned their gold jewelry, and this incident has caused a major uproar in the community. The police have also successfully recovered 7 kg of jewelry from the individuals arrested.

The State Bank of India has yet to release a statement regarding the incident, but it is expected that they will take appropriate action following the conclusion of the police investigation. The people who pawned their jewelry at the bank are left in a state of shock and disbelief as they deal with the aftermath of this large-scale theft.

The police are continuing their investigation to bring all those involved in this heinous act to justice. As the case unfolds, more details are sure to emerge about the elaborate scheme that allowed for such a substantial amount of jewelry to be stolen from the bank’s locker.
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