Particle.news

Download on the App Store

Three Arrested in Managuli Canara Bank Gold Heist, Rs 10.75 Crore Recovered

A multi-state police operation led to the arrests after investigators recovered gold worth Rs 10.75 crore along with two vehicles from suspects linked to the May theft.

Karnataka bank fraud: The robbery took place at Canara Bank’s Managuli branch in Basavanabagewadi taluk of Vijayapura district on May 25.
Image
Image

Overview

  • Senior manager Vijayakumar Mohanara Miriyala and his accomplices Chandrashekhar Kotilingam Nerella and Sunil Narrasimhalu Moka have been arrested in connection with the May 25 burglary at the Managuli branch.
  • Authorities recovered gold ornaments and bars valued at Rs 10.75 crore and seized two vehicles believed to have ferried the stolen valuables.
  • The Vijayapura Superintendent of Police mobilized eight specialized teams for the probe, deploying scientific and forensic methods across multiple states.
  • Police say the thieves used inside access to cut window rods, disable alarms, duplicate locker keys and remove CCTV equipment to conceal their identities.
  • Investigators are still tracking remaining suspects and searching for the roughly Rs 53.26 crore of gold and Rs 5.2 lakh in cash that remains unaccounted for.