Overview
- Crime Branch Unit 2 first arrested Ibrahim Abdul Rahim Shaikh, 40, after tracing him from Mumbai to Madhya Pradesh using CCTV and technical surveillance.
- Investigators recovered ₹4.88 lakh from a friend’s home in Pithampur, MP, and about ₹5 lakh from Shaikh’s Mumbra residence, according to police statements.
- Subsequent arrests included company driver Baijnath Yadav, who was remanded in police custody till September 22, and Munish Paul, detained in Uttar Pradesh with ₹35 lakh recovered.
- Reports differ on the total amount stolen, with estimates ranging from nearly ₹50 lakh to about ₹2.7 crore as accounts continue to be reconciled.
- The case was registered on September 11 at V P Road police station under BNS sections 305 and 309, and officials say more accomplices are being sought.