Overview
- The gang intercepted a CMS vehicle near Ashoka Pillar in Jayanagar as it transported cash from an HDFC Bank branch in JP Nagar.
- Posing as enforcement officers conducting document checks, the suspects made the staff sit in their SUV with cash boxes, drove to Dairy Circle, dropped them there, and fled.
- Police estimate the loss at around ₹7 crore, with the exact amount under verification.
- Checkpoints have been set up across the city, multiple grey Toyota Innovas are being screened, and CCTV from Jayanagar, Dairy Circle, and Bannerghatta Road is under review.
- Investigators are examining possible insider involvement after staff statements raised flags, including a reported delay in alerting police and questions over the armed guard’s response.