Overview

• Ujjain police arrested five suspects, including contractual worker Jai Bhavsar alias Zeeshan named as the alleged mastermind, after tracing CCTV leads.
• Recovered assets include gold valued at roughly ₹5 crore and ₹8 lakh in cash that police say belonged to gold‑loan customers whose jewellery was stored at the branch.
• Investigators say the crew entered around 2:30 am, opened locks without breaking the locker, and completed the theft in about 35 minutes following prior reconnaissance.
• SBI suspended the branch manager, service manager, and cash officer for negligence, and authorities cited missing night security and non‑triggered alarms; a ₹30,000 reward was announced for the probe team.
• In a separate case in Jamshedpur, six gunmen robbed Vardhman Jewellers, injured the owner, and escaped with valuables as police review CCTV footage and mount a citywide manhunt.