ING Bank theft case
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ING Bank theft case
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ING Bank theft case

Police recovered Rs. 82 lakhs and arrested 13 persons

Ongole - Prakasam, July 31, 2007

The sensational ING Bank highway robbery amounting to Rs. 1 crore, the police arrested 13 persons and recovered Rs. 82 lakhs from their possession while the main accused Suribabu is still at large. The Superintendent of Police, Vineet Brijlal told to media on Tuesday that one Mallikarjun working as an attender in the bank did some finance business and landed himself into debts of Rs. 25 lakhs.

According to SP, the accused is in need of money and hatched a conspiracy to rob the bank. He informed his friend, Sudhakar that the bank often transports money from Nandyal to its cash chest at Vijayawada without any security guards and it would be easy for them to commit the robbery. As there is insurance cover of Rs. 1 crore for the money lost in transit, the bank too would not take it seriously. Accordingly, Sudhakar contacted Suribabu, a known offender who mobilized his gang for the operation and planned to commit the office after the vehicle entered the limits of Prakasam district in th hope that police would suspect naxals for the dacoity.

On July 18, Mallikarjun informed Sudhakar who in turn contacted the gang. The taxi was laid at Bogada ghat. After immobilizing the bank employees and the taxi driver, they put the cash in four gunny bags and walked 40 kms through the forests. The SP said that while Suribabu and Sudhakar knocked away Rs. 20 lakhs each, others got Rs. 5.28 lakhs. Special teams nabbed Mallikarjun who spilled the entire episode.

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Highlights: ING Bank theft case

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